Opus Launches Compliance Solution for Third-Party Risk Assessment
Hiperos 3PM Banking Accelerator is a preconfigured solution aimed at banks to assess and manage the risk of third parties.
According to Opus, the Hiperos 3PM Banking Accelerator platform increases the speed, ease and accuracy of risk-assessing third-party relationships.
The product provides nine pre-contract assessments, ten post-contract assessments, and four additional due diligence questionnaires to effectively manage the risks associated with each third party.
It also facilitates risk mitigation with automated risk-based controls. Multiple, configurable reports are available, and an audit trail is accessible to all stakeholders and regulators.
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