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Vendor Compliance Services

Protecting Your Company, Customers and Data

Keeping your fingers on the pulse of multiple risks can strain resources that are already stretched thin, but FIS™ offers relief. We can help protect you from wrongful actions by vendors; conduct vulnerability scanning to pinpoint areas at risk of exploitation; and monitor your data for integrity, confidentiality, availability and compliance.

  • Valuable IT resources are freed up to focus on mission-critical activities.
  • Fewer on-staff IT professionals reduces overhead and training costs.
  • Benefit from the expertise of a global leader in risk, information security and compliance.

Compliance

Easing the Burden of Regulatory Requirements

The regulatory environment is increasingly complex and always changing, and failure to maintain compliance carries stiff financial and reputational consequences. FIS™ can help you assess your risk, develop a comprehensive compliance plan, establish policies and procedures, train your staff, monitor and test your program, generate management reports and successfully respond to regulatory exams.

  • Benefit from the expertise of our compliance team that comprises former regulators and bank compliance officers.
  • Realize the advantages of solutions that are tailored specifically to your institution’s individual size and needs.
  • Experience immediate results based on our extensive knowledge base of industry-leading best practices covering consumer compliance, fair lending, HMDA, CRA, UDAAP, CFPB regulations and loan servicing.
  • Rely on our extensive team of compliance experts with dozens of look-back reviews and experience successfully remediating regulatory enforcement actions.

The FIS Center for Regulatory Intelligence publishes monthly Regulatory Intelligence Bulletins (RIBs) on cybersecurity and other topics related to Risk, Information Security and Compliance (RISC).


Cybersecurity

Assessing and Mitigating Your Vulnerabilities

In the wake of high-profile data breaches, regulatory exams are tougher than ever. Our FIS™ consultants can help you analyze millions of records to detect critical vulnerabilities and trigger alerts for case management, forensics and risk mitigation action. Here are ways we help you pass exams and avert catastrophe:

  • Current FFIEC Cybersecurity Assessment – Knowledgeable cybersecurity experts who can help you complete your assessment before your next exam to meet and exceed regulatory expectations
  • Cyberattack preparedness – Penetration tests or reverse stress tests to identify blind spots, significant vulnerabilities and gaps in controls
  • Cybersecurity exam readiness – Mock exams under the enhanced standards to help you fully prepare for a successful federal or state cybersecurity exam
  • Protection from loss – Preparation of a risk mitigation action plan that can safeguard your institution

Enterprise Risk Management

Risk Assessment, Planning, Execution and Reporting

FIS Enterprise Risk Management Solutions

Given the increased scrutiny on financial institutions, transparency and compliance are critical. FIS™ can help you review your existing programs; assist with internal audit assessments; train your staff on best practices; and enable you to plan, execute and report on key areas. Our seasoned professionals can help you:

  • Design and implement a practical ERM program that is scalable, sustainable and reflective of your risk profile.
  • Identify, measure and monitor risks.
  • Set risk appetite tolerance and key risk indicator thresholds.
  • Automatically trigger alerts.
  • Accomplish your strategic business objectives while managing the associated risks.
  • Analyze your existing ERM program against industry benchmarks to identify opportunities for enhancement.

Risk Managed Services Center

Expert Assistance in Managing Risk, Compliance and Financial Crime

With ever-evolving laws and regulations coupled with increased regulatory scrutiny, it is challenging for institutions to keep up. We created the FIS™ Risk Managed Services Center (RMSC) to help our clients reduce the burden of repeatable, resource-intensive risk management and compliance, increase efficiency and lower costs. Our dedicated, credentialed staff can assist your institution with:

  • BSA/AML and fraud alert clearing and enhanced due diligence review
  • Cybersecurity risk management
  • Third-party risk management and vendor activity monitoring
  • Compliance monitoring and administrative functions
  • TRID, HMDA and LAR reviews, lookback and remediation projects
  • Complaint management

Security IT Monitoring

Keeping Your Asset Inventory Current

FIS Secure IT Monitoring Solutions

Managing your company and customer data places great demands on your IT department where responsibility rests for its integrity, confidentiality, availability and compliance. That’s why organizations in financial services and other industries rely on FIS™ and its teams of experts who are dedicated to information, network and internet security.

  • Compliant with FFIEC requirements for maintaining an IT asset inventory
  • Instant alerts of activities related to IT assets based on 24/7 monitoring
  • Automated scanning to keep your asset inventory and analytics up to date
  • Security IT monitoring available on an outsourced basis

Training/Education

Stay up to Date, Stay in Compliance

With risk, information security and compliance top of mind and regulatory scrutiny a reality, FIS™ can keep you current. Our webinars, seminars and workshops cover topics that affect your institution and customers. Join us as we explore the legal and compliance ramifications of lending, deposits, operations, mortgages, Bank Secrecy Act (BSA) and more.


Vendor Risk Management

Protection from Wrongful Actions by Third Parties

FIS Vendor RISC Management Solutions

In the eyes of regulators, activities can be outsourced, but responsibility can’t. That means you can be held accountable for misdeeds by vendors. With hundreds or even thousands of suppliers, managing these relationships is challenging. FIS™ can help you minimize these risks with vendor oversight services that offer these benefits:

  • Development of a strong vendor management program
  • Strengthening of vendor oversight policies and procedures
  • Ongoing and comprehensive assessment of third parties
  • Deeper scrutiny of Vendor SSAE 16 documents to ensure adequate control

Vulnerability Scanning

Stopping Security Breaches before They Occur

The transfer of data over the internet can invite security breaches by hackers. Further, potential risks can go undetected due to the presence of rogue software and employees with wrongful intent. FIS™ employs the latest technologies and methodologies to pinpoint where a system can be exploited so corrective action can be taken.

  • Compliant with the OCC’s requirements for vulnerability scanning
  • Proven precision in risk scoring and prioritization of vulnerabilities
  • Fewer on-staff IT professionals reduces overhead and training costs
  • Vulnerability scanning available on an outsourced basis
FIS Vulnerability Scanning Solutions