AI and Automation Are Reshaping Third Party Risk in Financial Services

Video

Desmond Campbell, a veteran in third-party risk, discusses how AI and automation are transforming supplier due diligence in the financial sector. Speaking at a CeFPro event, he emphasizes the need for clear, shared assessment languages, streamlined onboarding, and resilient supply chains. He highlights how frameworks like DORA are pushing firms to prioritize proactive risk management, automated processes, and robust contingency planning from procurement to offboarding.

Jun 26, 2025

Desmond Campbell, Regulatory Project Delivery Lead, AJ Gallagher

Tags: Vendor and Third Party 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

Desmond Campbell draws from over 25 years of experience to highlight how third-party risk management is evolving, particularly under pressure from regulations like DORA.

He stresses that it’s no longer enough to manually assess suppliers with endless checklists. Instead, firms must automate and streamline these processes—merging repetitive questions and leveraging shared supplier data—to build operational resilience and shorten onboarding times.

He also underscores the importance of supply chain visibility. Understanding not just your third-party providers, but also their fourth and fifth parties, is vital. Firms should demand transparency, ensure strong continuity planning, and establish rapid offboarding protocols with alternative providers ready to step in.

Events like CeFPro’s Vendor & Third Party Risk Europe play a critical role in sharing best practices, helping professionals align on terminology, and navigating the complexities of third-party risk in today’s digital landscape.

Desmond Campbell Bio

Desmond Campbell has over 25 years’ experience in procurement, contract management, and third-party risk across public and private sectors. His career includes senior roles at Deutsche Bank and Barclays, where he led the implementation of supplier governance and TPRM frameworks to support regulatory compliance and operational resilience. A recognised advisor and industry speaker, Des is known for driving best practice in supplier risk management and regulatory alignment.