We already built this category once
ThirdPartyIQ is built by a team with deep experience building and scaling risk and compliance software — and selling it into financial institutions, from community and regional banks to credit unions. We spent years watching third-party and counterparty risk run on questionnaires, and recognized that most of what those questionnaires ask can already be answered from sources that exist. The platform starts from intelligence, not from a form.
A team that has done this before
Our team has built and scaled risk and compliance software from the ground up — and knows the people who depend on it. We have deep experience selling into financial institutions, including community and regional banks and credit unions, and working side by side with the vendor risk, compliance, and examination teams who rely on the work product every day.
That experience spans both risk and compliance teams and procurement officers, across financial services, healthcare, life sciences, manufacturing, supply chain, and technology and SaaS — at both enterprise and SMB scale. The same problem shows up everywhere: organizations are accountable for the third parties and counterparties they depend on, and the intelligence to manage that risk stays fragmented and manual.
The lessons from that work — what examiners and auditors actually look for, what documentation fails under scrutiny, and where lean teams lose time to process overhead — are in every ThirdPartyIQ product decision. And because it runs standalone or alongside an existing GRC or TPRM system, it fits the way your team already works.
What running a vendor risk program inside a community FI actually teaches you
The hardest part of vendor risk management at a community bank or credit union isn't understanding the risk. It's the volume — and the fact that the standard approach starts from zero every time. A 200-question questionnaire goes to every vendor, regardless of what's already publicly verifiable. Vendors receiving hundreds of these annually deprioritize lower-priority buyers. Coverage lapses. And the same risk that should have been visible months ago surfaces in an examination finding.
Most available tools were built to digitize the questionnaire workflow — better tracking, cleaner documentation, faster routing. That's an improvement. It's not a transformation. The manual work stays. The annual cycle stays. The gaps between reviews stay.
ThirdPartyIQ starts from a different premise: due diligence built from evidence, not questionnaires. Pull from external sources first. Verify only what can't be confirmed independently. Monitor continuously after onboarding. That's not a workflow efficiency — it's a structural change in how vendor risk gets done.
Four things that don't change
Examiners read this
Every feature is evaluated against a single question: if an examiner sees this output in a file review, does it satisfy guidance or create a finding? That test shapes what we build and what we don't.
Human accountability, always
No automated risk ratings. No AI-generated conclusions without a reviewer sign-off. Every decision in the platform traces to a person — because that's what examination requires.
Practitioners over process
ThirdPartyIQ is built with direct input from vendor risk officers inside community banks and credit unions. The workflow reflects how the work gets done on the ground, not how a project plan says it should.
Incrementally, not big-bang
We ship capabilities when they're ready to pass examination — not when a roadmap says they're due. Each release is tested against real examiner feedback before it becomes the default workflow.
What we're working on
Expanding continuous monitoring signal coverage
Deepening coverage across financial health, cybersecurity, reputational and legal, sanctions and watchlists, and ESG — including adverse media coverage — to surface material vendor changes faster and with more context.
Building the shared vendor profile network
ThirdPartyIQ is building a shared vendor profile network to reduce duplicated due diligence work across institutions that share common vendors.
Intelligence-first due diligence module
Completing most of a vendor assessment from external sources before a questionnaire is sent — and clearing lower-criticality vendors on evidence alone, with no questionnaire required. Onboarding moves from weeks to days.
Talk to the people building it
We take calls from vendor risk, procurement, credit, and compliance teams — at community banks and credit unions first, and across the regulated industries that face the same third-party and counterparty risk. Tell us where your program stands, and we'll tell you where ThirdPartyIQ fits.
Get in touch