Case Study: Spaceship achieves scalable vendor onboarding and reduced third-party risk with UpGuard

Easy implementation, and a scalable vendor onboarding process helps this financial services company start their third-party risk program

Spaceship, an Australian fintech helping young people build wealth through a modern Superannuation product, faced the challenge of managing security and reliability across multiple third‑party technology and financial vendors while keeping resource use low. To gain timely visibility and scale vendor assessments without adding headcount, Spaceship turned to UpGuard Vendor Risk for continuous monitoring, security ratings, and automated assessments.

UpGuard implemented cloud‑hosted Vendor Risk to scan Spaceship’s internet‑facing assets, monitor 50 vendors daily, provide security ratings to prioritize attention, and automate questionnaire assessments—resulting in 420 vendor risks automatically discovered and prioritized and an estimated 20 hours saved per new vendor onboarding. With zero‑effort deployment and automated workflows, UpGuard let an existing employee absorb vendor risk management (avoiding a new full‑time hire), reduced configuration and breach risk, and enabled proactive remediation across Spaceship’s vendor base.

Spaceship