Episode 103: Vendor or Partner?
4 months ago
13
Podcasts
Education
Vendor
partner
vendor management
third-party relationships
bank third-party management
Bank vendors
bank partnership
This episode asks the question are the companies banks work with vendors or partners? Regulators require that banks have a “vendor management system” and manage “third-party relationships.” Why then are vendors frequently referred to as “partners”? Is the bank really entering into a partnership? Can someone you hire to provide a service be a partner?
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