Gatekeeper for Credit Unions

Mitigate third-party data breaches

Poor cybersecurity can lead to severe consequences for credit unions, including data breaches, financial losses, and reputational damage.

Market IQ Cyber, as part of the Market IQ Suite, helps prevent these issues by providing real-time visibility into vendor risks and proactive threat identification.

Powered by SecurityScorecard, it enhances your credit union’s security posture, protecting against potential cyber attacks and their costly repercussions.

Satisfy customers and regulators with seamless compliance

Relying on third-parties means trusting their downstream compliance with regulations such as GLBA, NCUA and PCI DSS. If they're non-compliant, so is your business and you could fail external audits and be penalised.

Automate compliance monitoring with a Market IQ Monitoring & Escalation Workflow - suitable for all types of ESG requirements - that streamlines risk assessments, vendor due diligence, and data protection measures.

Workflows ensure that all actions taken during compliance monitoring are meticulously recorded, easily accessible, and retrievable for auditors.

Prioritise risk management via vendor categorisation

Enhanced due diligence on critical vendors safeguards sensitive information, reduces the likelihood of cyber threats, and ensures business continuity.

Categorise and tier which relationships require more attention by assigning criticality levels to vendors.

Proper categorisation reduces the likelihood of disruptions from vendor failures, safeguarding the credit union's data, reputation, and member trust.

Manage relationships end-to-end with a dedicated Vendor Portal

Streamline vendor management by centralising communication, documentation, and compliance tasks in a dedicated, branded portal.

By automating and organising onboardings, our vendor portal reduces administrative burden and ensures a more efficient and transparent vendor management process.

Allow vendors to submit required information, certifications, and updates directly, ensuring that all data is up-to-date and easily accessible.

Improve vendor performance with Scored Forms

Eliminate manual performance tracking via spreadsheets. Score, monitor, and improve vendor performance directly within digital workflows.

Access and analyse performance data directly from vendor records. Identify areas for improvement and achieve better outcomes from your relationships.

Strategic vendor performance management, efficient operations, and robust risk prevention enhances service quality and increase members' trust in the credit union.

Gatekeeper allows you to:

Centralise Agreements: Consolidate all agreements in one secure location, enhancing accessibility
Enhance Cybersecurity: Use Market IQ Cyber for real-time risk assessments
Never Miss Renewals: Manage renewals effectively with automated reminders
Automate Workflows: Modernise vendor and contract management and increase efficiency
Manage vendors end-to-end: Enhance vendor oversight from onboarding to offboarding
Simplify Audits: Prepare effortlessly by having all documentation organised & easily retrievable,