Case Study: Leading Federated Agricultural Bank achieves integrated, consistent, and efficient third‑party risk management with MetricStream

A Leading Federated Agricultural Bank Builds an Integrated, Consistent, and Efficient Third Party Risk Management Program

A federated agricultural bank that supports a network of local farm credit associations across the Americas faced a complex web of affiliate relationships, contracts, and technology dependencies that exposed it to wide-ranging regulatory requirements (FCA, GLBA, FDIC, FFIEC, etc.) and growing fintech risk. Fragmented, siloed operations and lack of harmonized data forced manual third‑party tracking, impeded consistent oversight, and left the board seeking “one tool” to align the ecosystem around customer centricity, cost control, and risk mitigation.

MetricStream deployed a centralized third‑party risk management solution that standardized the TPRM lifecycle—onboarding, due diligence, monitoring, assessments, scorecards, issue management, and termination—and harmonized vendor data across the business. The platform provided a consolidated, risk‑stratified portfolio with qualitative/quantitative assessments and real‑time intelligence alerts, streamlined performance tracking, created an auditable remediation trail, and drove cost benefits (including a 90% reduction in the vendor base) and stronger, risk‑aware decision making.