360factors and Prevalent have announced a new partnership.

Date – 13-Aug-2024

360factors, a leader in integrated risk and compliance software, has announced a strategic partnership with Prevalent, a specialist in third-party risk management (TPRM). This collaboration will enhance 360factors’ offerings, providing banks, credit unions, financial services, and insurance companies with advanced risk and compliance management solutions.

Carl L. McCauley, CEO of 360factors, said, “In today’s financial landscape, effective third-party and vendor risk programs are essential for stakeholder success. We are excited to integrate Prevalent’s leading software and comprehensive vendor and third-party lifecycle management services into our solutions. This partnership addresses a critical need for mid-market organizations seeking to scale their TPRM programs efficiently.”

360factors’ Predict360 suite offers an integrated risk and compliance management platform, featuring robust applications for regulatory change management, enterprise risk assessments, key risk indicators, and compliance monitoring. This partnership allows 360factors to provide community and regional banks with top-tier solutions for enterprise risk management, TPRM, and regulatory compliance.

Prevalent’s Third Party Risk Management Platform is a SaaS solution designed to automate essential tasks related to onboarding, assessing, managing, monitoring, and remediating third-party risks across the vendor lifecycle.

Brett Whiteman, Vice President of Strategic Alliances and Corporate Business Development at Prevalent, commented, “360factors’ extensive experience in risk and compliance management for mid-market financial organizations presents exciting opportunities for both Prevalent and our clients. We are thrilled to partner with a company that is committed to addressing the unique challenges in this sector and look forward to the benefits of this collaboration.”