Complimentary E-Guide: The Role of Technology for Regulatory Compliance in the Insurance Industry

Track, Manage, and Monitor Third-Party Risks with Predictive Analytics

Third-Party Risk and Compliance Management Solution

Confidently Manage Your Organization’s Third-Party Risk and Compliance With Predict360’s Integrated, Best-In-Class TPRM Solutions.

ABA Endorsed Solution for Risk and Compliance Management Software

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Customers Using Predict360's AI-Powered Solutions
First Hawaiian Bank
HomeTrust Bank
First Bankt Gateway
Park National Bank
Kearny Bank
Oriental Bank
HarborOne Bank
Home Loan Investment Bank
First Commonwealth Bank
Byline Bank
Republic Bank
Choice Bank
United Bank
Atlantic Community Bankers Bank
BHG Financial
First Foundation
Coastal
Citizens Business Bank
Lincoln
cbibanks
QCR Holdings
Fulton Bank
Central Pacific Bank
1st capital bank logo
Trident Trust
Alden
Drummond Community Bank
First National Bank

Looking to enhance your Third-Party Risk Management program based on the Final Guidance of the FDIC, OCC, and FRB?
Discover how Predict360 applications and partner content can streamline your third-party oversight according to regulatory best practices.

Third-Party Risk Management

1
Planning

Organize and manage your third parties in a risk register so that you can evaluate third-party risk through an enterprise risk management lens. Perform an initial risk assessment for third parties as part of the evaluation phase.

Predict360 Solutions

Predict360 Risk Management and Assessments

Third-Party Risk Management

2
Due Diligence

Request, evaluate, and store third-party documents, such as SOC Reports. Utilize third-party risk intelligence to assess third-party financial, cyber, ESG, OFAC, complaints, and more. Securely store the evaluated third-party documents in a centralized document management system for future reference. Maintaining these documents is critical for ongoing monitoring.

Predict360 Solutions

Predict360 Vendor Risk Management

Third-Party Risk Management

3
Contracts

Manage third-party documentation, contracts, requests, and related activities and tasks. Establish a process for centralizing and tracking all third-party documentation and contracts. A designated team member should oversee the management of third-party documents and contracts, preferably through a centralized risk management system, making sure it incorporates request handling, task monitoring, and related activities.

Use your document management system to store signed contracts, documentation, ongoing requests from third parties, and any tasks that need attention.

Predict360 Solutions

Predict360 Vendor Risk Management

Download the Third-Party Risk Management Lifecycle

Third-Party Risk Management



Third-Party Risk Management

4
Monitoring

Manage ongoing risk assessments and risk intelligence metrics, perform compliance testing, manage third-party issues and complaints, and analyze third-party risk trends.

Schedule periodic risk assessments within your third-party risk management tool and continuously track third-party risk metrics through integrated risk intelligence tools such as Argos’ AR Surveillance. Monitor critical risk metrics for any changes or new developments.

Schedule and conduct regular compliance testing of your third parties, such as security assessments, policy reviews, or audits. Analyze risk trends across your third parties by comparing metrics and testing results over time. Look for patterns that could signal emerging or growing risks to prioritize. Present trend analyses to leadership along with any high or increasing risks requiring attention. Recommend risk mitigation strategies as needed.

Predict360 Solutions

Predict360 Risk Assessments

Predict360 Vendor Risk Management

Predict360 Issues Management

Predict360 Risk Insights

Predict360 Compliance Monitoring & Testing

Predict360 Complaints Management

Predict360 Marketing Ad Review

Third-Party Risk Management

5
Termination

Offboard third parties with configurable workflows and document management processes. Develop standardized, configurable offboarding workflows for terminating third-party relationships. Include clear steps for notification, transitioning responsibilities, records handoff, and final exit procedures.

Predict360 Solutions

Predict360 Vendor Risk Management

Why Choose 360factors?

360factors empowers organizations to accelerate profitability, innovation, and productivity by predicting risks and streamlining compliance.

Complete GRC

Complete GRC

All the GRC tools you need integrated in one solution
Basic to Enterprise

Basic to Enterprise

From simple risk assessment to complete risk register and control testing
Speed & Execution

Speed & Execution

Insights into your risk program & control effectiveness
Fast Implementation

Fast Implementation

The cloud-based solution can be integrated within days
Flexible and Modular

Flexible and Modular

Pick the modules you need for your business
Easy to Use

Easy to Use

Automation and an intuitive interface ensure ease of use
What Customers Say About 360factors

Learn How 360factors Empowers Customers to Manage Their Risk and Compliance Programs with Ease.

We look forward to working with 360factors to advance our enterprise risk and compliance programs for the bank while increasing the products and services we offer to the community.

Mark Casel Chief Risk Officer

We selected Predict360 due to its ease of use, banking industry design, and endorsement by the American Banker’s Association.

Eric Sprink President & CEO

Predict360’s banking workflows, risk library content, and endorsement from the American Bankers Association are a great fit for our bank.

Julie Dahle EVP and Chief Risk Officer

Predict360’s out-of-the-box applications designed specifically for banks our size along with their banking content was a significant influence in our selection of 360factors.

John Dunne EVP Chief Risk Officer

As part of our initiative to expand our products and services, we wanted to enhance our enterprise risk and compliance management to support this growth. Predict360 will enable our team to meet these goals efficiently.

David Claussen Chief Risk Officer

360factors’ solutions, powered by artificial intelligence, enables our organization to adapt and respond effectively to the ever-changing regulatory compliance landscape.

Joanna Chancellor Business Support Manager

The powerful features combined with the easy implementation of the cloud solution made Predict360 a great fit for our organization.

Steve Parker Chief Executive Officer

We believe our collaboration with 360factors and the technology they bring supports our vision for the future.

Gina Anonuevo Chief Compliance Officer

Deploying Predict360 is another step by us towards becoming a more streamlined and efficient organization.

Crystal Barnes Regulatory Compliance Specialist

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