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Simplifying regulatory compliance for enhanced risk management

Elizabethtown, KY Venminder, CUNA Strategic Services’ preferred solution for managing third-party risk management programs, today unveiled a state-of-the-art online library that offers interactive access to a comprehensive collection of industry regulations, laws, and guidance. This freely accessible resource is designed to simplify the process of identifying and understanding the regulatory requirements relevant to your organization.

Navigating the complex world of third-party risk management often involves grappling with a myriad of market-specific regulations and continuously emerging new directives. For credit union professionals tasked with ensuring compliance, maintaining an up-to-date understanding of these regulations is not just crucial – it can be overwhelming.

“We are thrilled to introduce this library,” expressed James Hyde, CEO of Venminder. “It underscores our dedication to championing the significance of third-party risk management and to easing the complexity for professionals everywhere.”

The library empowers professionals to:

  • Discover: Locate third-party risk and supply chain regulations from across the globe.
  • Search: Utilize an intuitive search bar and filters to find specific regulations.
  • Learn: Gain essential insights into each regulation and explore additional resources.

Earlier this year, Venminder also released the Vendiligence™ Control Mapping tool, a free and innovative online resource. This tool provides precise mappings of Venminder’s Control Assessments to the regulatory requirements, standards, frameworks, and laws. The interactive tool helps navigate the regulatory landscape, making it immensely helpful for professionals seeking to understand how specific regulations impact their risk assessments.

Venminder’s new Third-Party Risk Management Industry Regulations Library serves as another vital tool for any professional engaged in the management of third-party risks, providing immediate access to the latest regulatory information and resources necessary for staying compliant in a dynamic regulatory environment.

 


About Venminder:

Venminder is an innovative, customer-motivated company that is mission-driven to help solve the many challenges organizations face when managing risks from outsourcing to third parties.

Venminder provides a dedicated platform to empower effective end-to-end lifecycle management and mitigation of third-party risks. Venminder creates long-term collaborative partnerships with their customers, providing implementation assistance, product and best practices training, ongoing support, access to expertise and more.