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Financial Services Firms Select “Privva” For Third-Party Risk Management

Third-party risk management platform, Privva, has further expanded its client list in the financial industry. The following firms have selected Privva to manage their third-party risk management programs: Sixth Street, Pzena Investment Management, Balyasny Asset Management.

Privva's Vendor Risk Assessment automation and comprehensive risk scoring technology are what attracted the firms to the platform. Financial Institutions reported back on why they chose Privva:

“Ultimately, we chose Privva thanks not only to their outstanding software solution but their team’s willingness to adapt to our needs. Whether it was a simple time change or a major technological question, the Privva team was always responsive and effective. We envision a long-term partnership that will help us scale an effective Vendor Risk program together.”- Adam Korn, Chief Information Officer - Sixth Street

Privva provides vendor security risk for financial services clients including banks, insurance companies, asset managers, and broker dealers.

“We are excited to add a great list of financial services firms to the Privva platform. We understand third-party risk management is a critical part of a cybersecurity program but resources are scarce so any time we can drive efficiencies for our clients is a success”, said Ishan Girdhar, CEO of Privva

Risk management is becoming more and more crucial to the success of financial services firms as data breach frequency increases and cyber security becomes mission-critical. Privva is standing out as a leader in the financial risk management sector and continues to roll out periodic improvements to its platform specifically tailored to these clients.

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