WHERE TPRM MEETS AI: Balancing Risk and Reward

WHERE TPRM MEETS AI:

Balancing Risk and Reward

in partnership with GAN Integrity

_{PART ONE}

EXPANDING

THIRD-PARTY RISK UNIVERSE

_{PART TWO}

AI AS A DRIVER OF EFFICIENCY

_{PART THREE}

AI AS A NEW RISK TO MANAGE

_{PART FOUR}

BUILDING A BEST-IN-CLASS TPRM PROGRAM

_{PART FIVE}

FIVE PILLARS FOR TPRM SUCCESS

PEER RESOURCES

TPRM

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PART 1: The Expanding Third-Party Risk Universe

PART 2: AI as a Driver of Efficiency

PART 3: AI as a New Risk to Manage

PART 4: Building a Best-in-Class TPRM Program

PART 5: Five Pillars for TPRM Success

In our hyper-global, instant-access, always-on business environment, third-party risk management (TPRM) for organizations everywhere has grown exponentially in size and complexity. The sheer volume of vendors, deeper supply chain scrutiny, and evolving regulations make it increasingly difficult for manual processes alone to keep pace.

Heightened attention to issues such as human trafficking, trade compliance, environmental liability, and resultant reputational risk has raised expectations for robust third-party risk management. Additionally, we are seeing increasingly complex regulatory responses in critical areas such as data privacy, cybersecurity, artificial intelligence and supply chain due diligence. This evolving landscape requires companies to achieve an unprecedented level of third-party risk management (TPRM) maturity.

This report explores the growing challenges of third-party risk management and rising due diligence expectations, along with how technology—particularly artificial intelligence (AI) - can help ethics and compliance teams build stronger TPRM programs by automating critical functions. It also addresses the risks introduced by AI and provides benchmarks and guidance on integrating AI governance into TPRM practices.