Vendor management is a tug of war for banks, with the cross-institutional efficiencies claimed by shared assessments of vendor security and the traditional surety of proprietary consultant-led vetting yanking hard on opposite sides of the rope.

How much sharing banks should do with other institutions is a tough decision for CIOs and CROs, and even the forces that advocate shared assessments says convincing banks to fully relinquish proprietary controls is a challenge.

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