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We work with third-party risk, procurement, compliance, and credit teams at banks, credit unions, and regulated organizations that have to stand behind the third parties they depend on. Tell us where your program stands today, and we'll respond within one business day.
Frequently Asked Questions (FAQ)
Does ThirdPartyIQ work with the systems we already have?
Yes. ThirdPartyIQ is additive by design. It works alongside the GRC, third-party risk management (TPRM/VRM), and procurement systems you already run, and just as well for teams managing the program on spreadsheets and email. Nothing to rip out.
What does this mean for our third parties?
Less work, and they will thank you for it. Vendors hate answering hundreds of questions by copying and pasting from documents they have already produced, and that burden is the biggest reason assessments come back slowly or only after repeated follow-up. ThirdPartyIQ answers the majority of assessment questions from evidence before your third parties are asked anything, so they confirm a short set of targeted items instead. Less work for them, less chasing for you, and faster responses that mean faster onboarding.
How do you collect the documents?
On your authority, and we keep them current as new versions are published. That covers SOC 2 reports and bridge letters, attestations, continuity and disaster recovery plans, insurance certificates, financial statements, and policy documents. In a conversation, our team will walk you through exactly how we do this for your program.
Who makes the risk decisions?
Your team does. AI does the reasoning and shows its work. Every recommendation is evidence-cited, every decision is logged, and nothing becomes a work product without a named human approval.
What will our examiner see?
A complete, exportable record: what triggered an action, the evidence that supported it, who reviewed it, and when they approved it. Assessment reports are structured to OCC, FDIC, CFPB, and NCUA guidance.
What about your own security?
We expect that diligence, because assessing vendors is our business. Our founding team built and operated SOC 2 Type 2 audited platforms for regulated financial institutions, and ThirdPartyIQ runs on Microsoft Azure infrastructure carrying its own SOC 2 Type 2 attestation.