How to Manage Supplier Risks and Banking Changes

How to Manage Supplier Risks and Banking Changes

In this webinar, we discuss managing supplier banking changes and other risks in the supply chain, and see how apexanalytix became a fast-growing company, $7bn global developer and publisher of interactive entertainment content and services.

The rising tide of regulatory scrutiny stemming from the global financial crisis has now reached beyond banks, to the companies that supply them. Under the broad notion that activities can be outsourced, but responsibility can’t, the regulators are holding financial institutions responsible not only for their own actions but also for those of their vendors and suppliers.We have seen how major corporations have paid millions to settle complaints of deceptive mis-selling and predatory behaviour by their third-party suppliers.

According to the FBI, fraud attempts have spiked during the COVID-19 pandemic. Fraudsters are trying to capitalise on new WFH environments that have disrupted controls like vendor callbacks for bank account changes. This rapid shift to WFH had the largest impact on companies reliant on their office environment and manual, paper-based processes. Processes that need to change.

In this webinar, in partnership with apexanalytix, we discuss: 

  • how Activision Blizzard, a leading global producer and publisher of interactive entertainment, is managing supplier risk and bank account changes through automation built-in to their supplier management solution apexportal. 
  • how new regulatory thrust poses a big challenge for financial institutions, especially with limited perspective on their suppliers’ interactions with customers
  • how vendor-management programmes are focused predominantly on risks to the bank and the financial system — specifically, on business continuity, financial strength, and credit risk.
  • how apexanalytix and Activision Blizzard can offer advice on change and embracing best practices.

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