Fortex VendorPoint Endorsed by ABA for vendor risk management.

• Position: ABA RESOURCES - Brief article

THE ABA HAS ENDORSED Fortrex Technologies' patented VendorPoint Solution for vendor risk management. VendorPoint is an online service that enables banks of any size to identify, measure, monitor and manage third-party vendor relationships.

Third party risk management has become one of the most important and complex compliance issues banks face today, observes Edward L. Yingling, ABA president and CEO.

VendorPoint is the market's first fully automated, turnkey vendor risk management solution that quickly enables any institution to meet FFIEC requirements for vendor management. Institutions can now easily identify, measure, monitor and manage all third-party risk, no matter the risk category.

VendorPoint includes many features such as:

* Automated, customizable...