BRANCHBURG, N.J.--(BUSINESS WIRE)--Hiperos, an Opus Global company and the leading provider of third-party management software, today announced that it will host a first-of-its-kind, one-day industry forum focused on one of the biggest pain points for banks today – risk management, compliance and governance of suppliers, vendors, distributors and other third parties. The Financial Services Regulatory Knowledge Forum on Third Party Management will take place in Washington, D.C., on Thursday, March 19.
At the inaugural event, representatives from three regulatory agencies – the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB) and the Consumer Financial Protection Bureau (CFPB) -- will offer their perspectives and address questions from delegates on requirements for assessing and managing third-party risk. Panel speakers from Santander, Discover, BB&T and Charles Schwab will offer practitioner experience and insights into the challenges of developing third-party risk management programs.
Conference faculty members – including the National Association of Corporate Directors (NACD) and strategic sourcing and risk management firms Crowe Horwath and Alvarez & Marsal – will participate in a day-long exchange of knowledge, best practices and strategy around third-party risk and performance management.
“Banks want robust third-party management programs and controls that can satisfy ever-expanding regulatory expectations,” said Greg Dickinson, CEO of Hiperos. “Getting all the major regulators in one room with bankers, compliance experts and industry leaders creates an unprecedented opportunity to educate, collaborate and discuss one of the biggest challenges facing the banking community today.”
“Risk and compliance requirements in banking have never been tougher or more comprehensive than they are today,” stated Doug Bergeron, founder and CEO of Opus Global, parent company of Hiperos. “Bringing all stakeholders together under one roof to engage in constructive dialogue is a great way to elevate awareness of the challenges and build shared insights into the smartest way forward.”
The March 19 event follows closely on the heels of New York’s banking regulator calling for financial services executives to attest personally to the adequacy of anti-money laundering systems, including proof that third-party vendors have adequate cyber security defenses in place. In the wake of recent data breaches involving third parties at major corporations and banks, the conference program features sessions that specifically address the role of board and third-party risk governance.
The Financial Services Regulatory Knowledge Forum on Third Party Management will take place March 19, 2015, at the Marriott Marquis hotel, 901 Massachusetts Ave NW, in Washington, D.C. To attend the event, please register here.
Hiperos, an Opus Global company, is the leader in Third-Party Management software connecting over 340,000 third parties to many of the world’s largest companies across a range of industry verticals including energy, financial services, manufacturing, real estate, pharmaceuticals, and technology. The company’s flagship product, Hiperos 3PM™, is the only solution in the market that is purpose-built to simultaneously minimize the risks of using third parties while maximizing the value they provide. Implemented by the global 2000 and business consortiums to address their expanding third-party management requirements, Hiperos 3PM™ has become the industry’s most widely used SaaS-based solution. The winner of industry awards and accolades for the proven value and low cost of ownership it delivers, Hiperos 3PM™ enables companies to protect their brand and revenues by implementing an automated, consistent approach to third-party onboarding, measurement, monitoring and controls, throughout their lifecycle. Hiperos’ clients include many of the world’s leading companies such as Aetna, Alcoa, AON, Arrow Electronics, Astra Zeneca, AXA, Baker Hughes, Bank of Montreal, BNP Paribas, CA Technologies, Charles Schwab, Fulton Bank, Halliburton, Huntington Bank, JLL, Kellogg, Kraft Foods, Mondelez, Microsoft, News Corporation, NY Community Bancorp, Peabody, PNC Bank, Rockwell Automation, Sun Life Financial, State Street, TD Bank, United Technologies and Zion’s Bank. For more information, visit http://www.hiperos.com.
About Opus Global
Opus Global, the global risk and compliance company, is a $500 million partnership between GTCR, one of the world’s leading private equity firms, and Doug Bergeron, former CEO of Verifone. Through its direct investments and targeted acquisitions, Opus Global is building one of the world’s leading new era technology platforms to address increasingly complex compliance requirements and risk challenges faced by companies in all industries. Opus Global’s mission is to be a long term partner delivering substantial value to clients through cloud-based solutions and services. It is headquartered in Palo Alto, California. For more information, visit http://www.opusglobal.com.