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We imagine a world in which financial institutions map and understand their critical dependencies, receive notice of incidents in minutes, and commence mitigation and business continuity efforts immediately to protect customers and the institution.

Third party critical dependency, operational risk mitigation, and incident management solutions.

Challenges

Financial Institutions often depend on fintechs, white-labelling, affiliates, and other Third Party Service Providers to deliver on the promise of expanding product and service offerings and to navigate an ever more complex operational and regulatory environment.

These relationships—be they on-premise, through SaaS, or other cloud service providers, or externally managed—expand the institutions’ needs to manage the risk of reliance on Critical Third Parties and to be prepared for and react to service disruptions and cybersecurity events that arise from these critical relationships.

… and solutions

CRINDATA CRINCIDENTS

CRINDATA CRINCIDENTS™ Incident Management and Business Continuity SaaS allows Financial Institutions and their Critical Third Party Service Providers to instantly communicate, share documents, and proactively manage and mitigate the effects of service disruptions and cybersecurity events on the Financial Institution and its customers. At the same time, CRINCIDENTS tracks the notifications and responses to demonstrate the effectiveness of Incident Management systems to stakeholders and regulators.

CRINDATA CRINSIGHTS

Focused insights and structured information made available just for you.

CRINDATA CRINSEAL

CRINDATA CRINSEAL™ SaaS enables CRINDATA customers to securely send critical documents and collect electronic signatures and/or collect electronic delivery receipts when signatures are not necessary.

CRINDATA CRINRISK

CRINDATA CRINRISK™ risk management SaaS helps Financial Institutions and their Third Party Service Providers identify, map, manage, and mitigate the risks of outsourcing Critical Dependencies to Third Party Service Providers and their Subcontractors. CRINRISK enhances your oversight of critical relationships with ongoing monitoring and value-added insights, or what we call…

Jim Freis, Co-Founder and Chairman of CRINDATA
Financial Institutions

What we do for you…

Jim Freis talks about why banks and other financial institutions need CRINDATA to understand and manage the critical risks involved in working with 3rd party service providers.

CRINCIDENTS for financial institutions

Proactive Incident Management as part of your Business Continuity plans.

Leverage the power of one-to-many to collaborate with your Third Party Service Providers to mitigate the effects of business disruptions and cybersecurity events arising from Critical Third Party Relationships.

Comply with evolving regulatory requirements and expectations for incident notifications.

INSIGHT: U.S. federal banking regulators have proposed new regulations for timely notifications by service providers and impacted financial institutions. Read more…

CRINSEAL for financial institutions

Securely send documents and collect electronic signatures.

Manage one or hundreds of documents requiring signatures or delivery receipts.

Functionalities, including status oversight, are integrated within your CRINDATA risk management platform.

CRINRISK for financial institutions

Identify, map, proactively manage third party Critical Dependencies, the interruption of which could materially and adversely affect your business operations and customer relationships.

Leverage the power of one-to-many to set, communicate, and achieve clear, concise Business Continuity goals with your Third Party Service Providers.

Communicate risk management requirements to your Critical Third Party

Service Providers and deliver an intuitive platform they use to respond to your requirements. 

More effectively identify sub-outsourcing and sub-contractor relationships, and potential concentration risks.

Is CRINDATA right for your financial institution?

Third Party Service Providers

What we do for you…

Jim Freis discusses why financial service providers need CRINDATA to assist with risk management and reporting to financial institutions.

  • Third Party Risk Management and Cybersecurity for Banks—Interview with Jim Freis

    Mark: Hello, everyone. This is Mark Stetler, CEO of CRINDATA. I’m with our fearless leader, Jim Freis, chairman of CRINDATA. We are going to discuss today third-party risk management and cybersecurity, the implications of those two issues with respect to financial institutions and their third-party service providers. Welcome, Jim. Thanks for joining me. Jim: Great to be…

    Read more

CRINCIDENTS to support your financial institution customers

Proactively support your Financial Institution partners to meet their user and regulatory requirements for Business Continuity and Critical relationship management.

Leverage the power of one-to-many to communicate about and mitigate the effects of business disruptions and cybersecurity events on your Financial Institution customers. 

Comply with your contractual obligations, best practice, and evolving incident management regulations that will require you to “immediately” communicate Incidents or potential impacts to your Financial Institution customers.

CRINSEAL for third party service providers

Securely send documents and collect electronic signatures.

Manage one or hundreds of documents requiring signatures or delivery receipts.

Functionalities, including status oversight, are integrated within your CRINDATA risk management platform.

CRINRISK for third party service providers

Leverage the power of one-to-many to preemptively respond to due diligence requests from your Financial Institution customers and fullfill their regulatory and user requirements.

Comply with upcoming regulations and your Financial Institution customers’ requirements by understanding, mapping, and communicating how your Subcontractors support your customers’ Critical Dependencies.  

Provide an intuitive platform for your Subcontractors or further Sub- outsourcers to respond to you and your Financial Institution customers due diligence requirements.

You’re a Third Party Service Provider. Is CRINDATA right for your business?

CRINDATA Podcasts
Summarization of the Key Issues Arising From the Public Comments on the Regulatory Guidance Issued
A Summarization of the Key Issues Arising From Public Comments on Regulatory Guidance

Jim Freis talks about the key issues related to the public comments phase on the regulatory guidance…

comments and risk podcast
Comments on the Guidance Issued for Public Comment by Federal Banking Regulators

Jim Freis talks about the comments made during the public comment phase of the regulatory guidance i…

Crisis Averted
Reporting Requirements for Loss of Customer Data

Jim Freis talks about the reporting requirements for financial institutions that have suffered a dat…

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