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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.

https://trusightsolutions.com/news/u-s-financial-giants-create-consortium-to-vet-third-party-suppliers

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.

https://trusightsolutions.com/news/jpmorgan-wells-fargo-form-company-to-handle-partnership-vetting

UK Finance: The Time is Now to Adopt a Standard, Globally Recognized Cloud Assessment Methodology

For UK Finance, TruSight's Jonathan Pressman and Microsoft's Dave Dadoun collaborate for a blog series.

https://trusightsolutions.com/news/uk-finance-adoptting-a-standard-globally-recognized-cloud-assessment-methodology

The Time is Now to Adopt a Standard, Globally Recognized Cloud Assessment Methodology - Part Two

For UK Finance, TruSight's Jonathan Pressman and Microsoft's Dave Dadoun collaborate for a blog series. This is part two.

https://trusightsolutions.com/news/the-time-is-now-to-adopt-a-standard-globally-recognized-cloud-assessment-methodology-part-two

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.