Case Study: a UK private bank achieves stronger third-party risk oversight with ViClarity

UK Private Bank Pick ViClarity for Third-Party Risk Oversight

a UK private bank faced the challenge of enhancing its supplier oversight to meet stringent FCA and PRA regulations. Its manual processes were inefficient, hindering its ability to promptly manage third-party risks. The bank selected ViClarity's automated governance, risk, and compliance (GRC) platform to address these challenges.

ViClarity implemented a tailored solution that automated workflows and provided real-time monitoring and reporting. This resulted in a significant reduction in the time spent on oversight tasks and gave the bank a centralized view of supplier risks, improving both operational efficiency and risk management capabilities.