Risk & Compliance Roundup: Vendor SLAs, Business Impact Analysis

  • January 24, 2025
  • Quantivate

Welcome to your weekly roundup of risk and compliance management resources, brought to you by Ncontracts.

This edition covers topics including:

New from the Nsight Blog

How to Develop an SLA for Third-Party Providers

Want to strengthen your vendor relationships and meet regulatory expectations? Learn how to develop effective service-level agreements (SLAs) that set clear performance standards, establish accountability measures, and protect your financial institution’s interests when working with third-party providers.

What Is a Business Impact Analysis (BIA) and How Does It Work?

In this informative introduction, discover why BIAs are essential for financial institutions and how they differ from risk assessments and disaster recovery plans. Learn the key steps to evaluate potential business interruptions, identify critical functions, and ensure regulatory compliance.

Bonus Resource

The SLA Essentials: A Quick Guide

Take your SLAs to the next level and start using “SMART-R” metrics criteria. Explore the basics of a strong service-level agreement, including example terms, in this downloadable guide.

On-Demand Webinar

Managing Third-Party AI Risk: What You Need to Know Today

Missed the December webinar on navigating AI risks and governance in your vendor relationships? Watch the expert-led session at your convenience to get insights on:

  • Evaluating AI opportunities and threats
  • Understanding how third parties are leveraging AI technology
  • Developing policies that align with your institution’s risk appetite

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