VendEx Readies VReg Tool to Shed Light on Vendor Dependencies
VReg will highlight the third-party services that financial institutions rely on most to meet each aspect of regulations.
San Francisco-based software provider VendEx Solutions will next week unveil a new service—the second in a planned suite of integrated vendor management tools—that provides an enterprise-wide view of financial firms’ reliance on vendor products to meet specific regulations.
Dubbed VReg, the service provides a detailed “map” of how firms use third-party products to meet each section and sub-section of every regulation, and shows their overall dependence on—and exposure to—each vendor across
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