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Magazine
Banks Must Not Outsource Their Most Dangerous Risks - Here’s Why
Jenna Wells argues that traditional approaches to third-party risk management are no longer fit for purpose in a world shaped by geopolitical instability, cyber threats, AI adoption, and increasingly complex supplier ecosystems. She explains how annual assessments and static questionnaires leave institutions blind to rapidly changing risks across third-, fourth-, and nth-party relationships. The article explores why continuous monitoring, greater visibility, and real-time intelligence have becom
Jun 23, 2026
Jenna Wells, CEO, Supply Wisdom
Tags:
Vendor and Third Party Risk
Operational and Non Financial Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Traditional vendor assessments are becoming obsolete
- Hidden supplier dependencies create significant risk
- Geopolitical and cyber threats are increasing exposure
- Continuous monitoring is replacing periodic reviews
- Third-party risk is central to operational resilience
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