Third-party risk management

Managing external partners, vendors or service providers shouldn't add more risk.

Harmoney helps you assess, monitor and manage third-party risks with smart workflows, trusted data and total auditability, all in one platform.

What is TPRM and how Harmoney helps

Third-Party Risk Management (TPRM) is the process of identifying, assessing and controlling risks associated with external relationships, from suppliers and subcontractors to fintech partners and service providers. With regulatory pressure increasing and operational ecosystems growing more complex, financial institutions need full visibility into the risks their third parties may pose, whether reputational, regulatory, financial or operational.

Harmoney simplifies the complexity

Our platform orchestrates the full TPRM process, from initial due diligence and document collection to continuous monitoring and automated reassessments. We can send questionnaires to your suppliers and have an automated risk scoring based on your models. Smart alerts and flexible workflows ensure that you’re always on top of vendor performance and regulatory obligations. Integrate trusted data sources, set your own rules and thresholds, and keep every stakeholder, from procurement to compliance, aligned and informed.

Whether you’re onboarding new vendors or reviewing existing ones, Harmoney turns fragmented processes into one seamless, auditable journey.