Banks adopting vendor compliance platform to manage and monitor risk
G2Link (www.g2link.com), the first social trust and reputation software platform for banks is pleased to announce its membership in the New York Bankers Association.
“We are excited to be working with NYBA and its extended membership organization”, said Edward Sullivan, Founder and CEO G2Link. “The board at NYBA sees the value in our vendor compliance platform to help manage trust and reputation with their third party relationships and mitigate risk, in an ever increasing and expensive regulatory environment.”
The new and expanding regulatory environment is one of the most demanding issues facing financial operations today. Banks and credit unions are under enormous pressure to gain trust within their loan portfolios and vendor management relationships. Many of these institutions lack the business information systems and consistent processes to understand and manage risk economically. G2Link creates an inexpensive, seamless solution to research, monitor and track your most important business relationships.
Before G2Link, businesses had limited options to understand and measure the trust and reputation of other companies. They relied upon outdated payment history and accounting data from a credit bureau to understand a company’s ability to meet its obligations. Using social media to capture the wisdom of the smart crowd, G2Link is enabling companies to take control of risk management by providing actionable, accurate and inexpensive business performance data.
G2Link is one of the first companies to understand and capture the power of crowd based interactions and use this data as an indicator of vendor compliance, in real time. Increase your understanding of the business relationships that matter most – Join the movement to G2Link.