Case Study: City National Bank advances supplier diversity and community impact with Supplier.io

Data-Driven Supplier Diversity A Financial Services Perspective

The customer, City National Bank, sought to enhance its community investment and meet regulatory requirements through a robust supplier diversity program. Vendor.io provided the expertise and platform to help the bank measure, track, and mature its initiatives, moving beyond simple tracking to create a significant economic impact.

The solution from Supplier.io involved leveraging data and analytics to benchmark performance and report on diverse spend, translating procurement into measurable community benefits. This approach, guided by City National Bank's "4 Cs" framework, helped demonstrate that such programs are not only a regulatory solution but also a driver of better business outcomes. Supplier.io's data showed that investments in diverse suppliers create a ripple effect, with every $1 spent generating $1.80 in community fulfillment.

City National Bank

Mark Morales

Vice President