Use Case
Understand vendors risk efficiently
Connect, evaluate and mitigate your vendors risks efficiently in one platform.
They trust us
Assess Better. Mitigate Risk
Learn how companies assess vendor risk with Chaindots to secure their supply chain.
Banking
Enhancing Third-Party Risk Management for Community Banks
The challenge
A Community bank engages with third parties to access new technologies, services, and markets. However, this reliance reduces direct operational control and introduces various risks, including operational, compliance, financial, and strategic risks.
Properly identifying, assessing, monitoring, and controlling these risks is crucial to ensure safe and compliant operations.
The solution
The Community bank implements Chaindots to automate risk management and vendor risk assessment.
With Chaindots, the bank can create tailored risk matrices and questionnaires to comprehensively assess vendor risks. The platform automates risk evaluation by measuring Security Information, Data Privacy, Compliance, among other risks. Additionally, it enables continuous monitoring of risk exposure with real-time alerts for any changes or potential issues, facilitating proactive risk management.
Our Platform
A solution to manage your supply chain security.
Establish your risk standards
Customize specific vendors forms and gain a holistic view of your vendors security based on your risk standards.
Onboard your vendors in one platform
Centralize all your supply chaind risk management in one place and connect with vendors through automated due diligence processes.
Launch massive Due Diligence
Send multiple due diligence assessments with just one click to efficiently evaluate your network.
Evaluate risk and make informed decisions
Assess all types of risks and share improvement suggestions with your vendors to improve risk posture.
Monitor your network’s risks
Supervise your network’s risks and promptly implement responsive actions to address fluctuations.
Why Chaindots®?
We’ve built a solution that prioritizes risk and business teams.
01
Agile
Transform tedious processes with our technology.
02
Custom
Set your own standards to govern your business relationships.
03
Collaborative
Boost communications and collaboration between your company’s teams and with other companies.
04
Holistic
Gain a comprehensive view of your client or third party.
Our clients' words
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