Ordonis | Diligence, for suppliers to regulated institutions

Requirements that reach the supplier

A good product wins the business with a regulated institution but then it stalls in security due diligence, third-party risk assessment and operational review, on questions that are rarely about what the core product does. The questions are whether it is capable of operating inside the institution in compliance with a range of internal standards and regulatory obligations that bind the institution.

The institution is not simply being difficult. The people accountable for risk are also accountable for what its suppliers do, and the same regulations and frameworks that already govern the institution make its oversight of delegated and outsourced arrangements examinable, so the institution's standards are carried into every product it depends on.

Ready before it is tested

Ordonis evaluates products or services against the bar that a regulated institution actually applies.

It is a bar I know from both sides. Within the institution I spent over a decade integrating vendors' products and taking them through the kind of due diligence a product like yours now faces and guiding the changes that got them through it. I have also overseen the governance, risk and compliance of technology and cyber controls in the institutions that apply the requirements.

An engagement leaves the company knowing where its product stands against the key requirements of regulated firms. The product team knows which gaps to fix first, and the sales and account teams know they can stand behind the answers they give customers, and the evidence behind those answers, before the customers ask.