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Articles in "Media Coverage"

U.S. Financial Giants Create Consortium to Vet Third Party Suppliers

Reuters Dan Freed features the increasing innovation in financial services including the launch of TruSight to help banks standardize the work of vetting third party suppliers and partners.

JPMorgan, Wells Fargo Form Company to Handle Partnership Vetting

For Bloomberg, reporters Julie Verhage and Jennifer Surane highlight how American Express, Bank of America, JPMorgan Chase, and Wells Fargo came together to establish a new company called TruSight to help banks streamline risk assessments of suppliers and partners.

Bank Business News: TruSight Appoints Jonathan Pressman as CEO

Bank Business News highlights TruSight’s appointment of Jonathan Pressman as its CEO. Pressman’s appointment comes at a pivotal moment for the company, which has been rapidly expanding in the third-party risk space as key suppliers to the financial services industry have embraced TruSight’s methodology and participated in its risk assessment process.

Global FinTech Series: Jonathan Pressman Named as TruSight CEO

Global FinTech Series features TruSight’s announcement detailing Jonathan Pressman’s appointment as CEO. Pressman’s leadership comes as the financial services industry accelerates adoption of TruSight.

FinTech Zoom: Jonathan Pressman Now CEO of Third-Party Risk Management Organization, TruSight

FinTech Zoom covers TruSight’s news that Jonathan Pressman has been named CEO. Taryn Thompson, chief procurement officer of Bank of America explains, “The business is embracing the TruSight customary, the evaluation portfolio is rising, and suppliers and monetary establishments are realizing the numerous advantages that accrue from adopting the TruSight methodology. Jonathan has performed a key half in TruSight’s success, and we’re assured that beneath his management, the corporate will proceed its fast development trajectory.”

Compliance Week: Preparation, Monitoring Key to Combating Third-Party Cyber-Security Risk

For Compliance Week, TruSight's CEO Jonathan Pressman spoke with Aaron Nicodemus about the company's third-party risk management model and the importance for companies to stay on top of risk management.

FinExtra: Big US Banks Pilot Data Sharing Risk Assessment Service

FinExtra explains a new centralized risk assessment service that makes it easier for banks to onboard customers to data aggregation services. TruSight performs the pilot assessments and provides information over a secure platform to each of the pilot financial institutions.

svgImg Coronavirus Statement

Coronavirus Statement

Our highest priority at TruSight Solutions is to maintain health and safety, and we are closely monitoring the global situation regarding the spread of coronavirus (COVID-19.) At the same time, we remain steadfast in our commitment to deliver assessment products of the highest quality for our customers and assessed parties. In light of these dual goals, this statement addresses precautions and strategies that TruSight is implementing with respect to on-site assessments and the assessors who conduct these facility visits.

Assessors who have been assigned to conduct on-site assessments have attested that they have not traveled in the past 30 days to a country with a Level 2 or Level 3 designation from the U.S. Centers for Disease Control and Prevention. (A Level 2 alert is for enhanced precautions, and a Level 3 warning is to avoid non-essential travel.)

Upon request, each individual assigned assessor will confirm this assurance in writing via email.

Any assessor currently conducting an assessment in an affected country is bound by the country’s domestic regulations and will remain in that country as long as required.

Assessors have been instructed to escalate any personal travel concerns to their manager. Individual concerns will be respected and assignments adjusted accordingly.

For reasons of health and safety, there could be a delay in conducting an assessment and/or delivering a product where a country is prohibiting travel or otherwise inhibiting movement that is necessary for such assessment. In this event, we will inform impacted vendors and customers as soon as we become aware of the situation. We may also propose performing a remote assessment in lieu of an on-site assessment and making adjustments accordingly.

As the coronavirus situation quickly evolves, TruSight is closely following developments from the World Health Organization, U.S. Centers for Disease Control and Prevention, and other domestic and international bodies. If you have questions or concerns, please reach out directly to your TruSight contacts.

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