Case Study: Leading International Bank achieves complete third-party risk visibility with Brinqa Vendor Risk Management

Leading International Bank Achieves Complete 3rd Party Risk Visibility with Brinqa Vendor Risk Management

Leading International Bank, a top‑10 commercial bank with more than 100,000 employees across 50+ countries, faced urgent pressure after high‑profile vendor‑originated breaches: senior management demanded greater oversight of third‑party interactions and the Technology Risk Management (TRM) team was charged with collecting, analyzing and presenting vendor risk. The bank engaged Brinqa to deploy Brinqa VRM (Brinqa Vendor Risk Management) to address these gaps.

Brinqa implemented a phased VRM program—achieving vendor utilization awareness in 30 days, vendor profiling/risk classification/assessments in 60 days, and gap identification, remediation planning, reporting and continuous monitoring in 90 days—assessing over 1,700 vendors and 5,000 engagements. Using Brinqa, the bank established an authoritative vendor and engagement repository, completed a full assessment cycle within 90 days, and realized measurable impacts: 70% faster vendor risk assessments, 30% reduction in assessment content, and more than 50% reduction in remediation planning time, alongside comprehensive dashboards and 20+ tailored reports.