Scott has more than 25 years of experience in the financial and legal services industries and he is well versed in the day to day regulatory compliance and corporate risks that go along with running a bank. This includes payment systems, vendor management, contracts, bank operations, mergers and acquisitions, regulatory analysis, examinations and responses.
Monitor the service provider. This is where banks are the most vulnerable. If the service provider is providing a crucial component, many banks think that they monitor the service provider every day by just seeing the process work as expected.26 May 2021