OneView
Third Parties
A comprehensive solution for financial services firms, providing complete transparency into your third-party relationships, agreements, and products.
Introducing OneView
To meet the needs of today’s customers, business models are becoming increasingly complex. Organisations are collaborating with a growing network of intermediaries and third parties to streamline operations and enhance capabilities. While this brings opportunities, it can also create challenges in maintaining clear oversight and managing the risks associated with these expanding networks.
To ensure effective collaboration, businesses need to maintain confidence in their partners. This includes verifying compliance with regulatory requirements, monitoring performance against agreed-upon metrics, and assessing alignment with the organisation's risk appetite. Attempting to manage this complex web of relationships manually using spreadsheets is inefficient and unsustainable, especially given increasing regulatory scrutiny.
OneView provides a comprehensive solution for managing and reporting on third-party relationships. It offers a single, centralised platform to access all essential information about each third party throughout the entire lifecycle of the relationship. This enhanced visibility empowers organisations to proactively identify and mitigate potential risks while capitalising on opportunities. Automated reporting features streamline stakeholder communication, ensuring transparency and informed decision-making.
What our clients say
"OneView has been strategically important for our business, providing us with a platform to sustainably scale the business across multiple geographies. We've also been impressed with the speed and ease of configuring OneView, as well as its adaptability to our business needs."
Enrico Bertagna
Head of MGA Network, Commercial Insurance, Zurich Insurance
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The challenge
Financial services firms face increasing pressure to manage third-party relationships effectively. This includes:
Maintaining complete visibility of all third parties and their services.
Embedding robust risk-based oversight given stringent regulatory scrutiny.
Ensuring alignment between third-party risk profiles and the firm's risk appetite.
Gaining assurance that third parties operate in a compliant and ethical manner.
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Manually managing this information through spreadsheets is inefficient and makes responding to regulatory requests challenging.
The Solution
OneView consolidates all essential information about each third party in a single, accessible platform. This includes contact details, contractual agreements, performance data, risk assessments, and audit trails.
From onboarding and due diligence to ongoing monitoring, performance evaluation, and offboarding, OneView provides tools to manage the entire lifecycle of your third-party relationships.
OneView streamlines the generation of management reports, providing real-time insights into third-party risk and performance. This enables data-driven decision-making and facilitates regulatory compliance.
Benefits
Deliver industry best practice
By combining technology with our regulatory and market expertise, we’re able to offer a solution that delivers industry best practice to ensure your process for overseeing third parties meets regulatory requirements.
Align to your risk appetite
You can calibrate OneView to embed your business’ risk appetite. This allows you to monitor your portfolio in line with your strategy and indicates any associated risk.
Drive efficient collaboration internally and externally
OneView allows collaboration between your teams as well as your third parties. By removing the administrative burden of collating and reviewing information your employees can be freed up to focus on more valuable work.
Configure to fit your business model
From underwriting to claims management, OneView can be configured to suit the business processes you have in place for the wide variety of third parties you work with.
Promote stakeholder confidence
The real-time view of accurate management information across your third party relationship allows you to quickly deliver greater insight to your stakeholders and empowers you to make better informed decisions.
Accountability and governance
Through clear user and date stamped activity, including approvals, you are able to promote accountability and governance, as well as collaborating with your business stakeholders and distributors more effectively.
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Key features
Our off-the-shelf product requires minimal set up time, so you can quickly benefit from the rich insight it offers.
Risk based dynamic framework
Workflow management
Dynamic management information
Open API
Cloud based
Single sign on
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Key features
Our off-the-shelf product requires minimal set up time, so you can quickly benefit from the rich insight it offers.
- Risk based dynamic framework
- Workflow management
- Dynamic management information
- Open API
- Cloud based
- Single sign on
Trusted by leading financial firms to manage and report on their third-party relationships.
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How it works
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Onboard new relationships
Onboard your new relationships, through a simple data capture process that automatically places the opportunity within the right area of your business and instantly allocates accountable individuals and teams for review.
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Assess the risk of arrangements with your third parties
By answering a series of multiple choice and free text questions, you are able to generate a risk assessment. This automatically calculates a score which drives the scope and frequency of due diligence work to be performed on the third party. This allows you to focus on the highest risk areas of your portfolio.
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Perform the right due diligence
The risk-based dynamic framework ensures you perform sufficient and appropriate due diligence over your third parties. The portal functionality and workflow promotes collaboration both within your business and with the third party to obtain and review the required information in the most efficient way. This includes undertaking product governance in respect of new and changing products.
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Monitor your relationships
OneView helps you to efficiently monitor your business’ risk exposure and third party relationships on an on-going basis throughout the life-cycle of your arrangements. This includes scheduling, scoping and executing audits over these third parties. When changes in risk exposure occur this will be reflected in the scope of due diligence work required, so that you can ensure relevant updates are undertaken.
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Generate management information quickly
OneView provides you with real-time management information to give your business insights into the performance and risks across your portfolio. And with dynamic reporting you can provide your stakeholders with the information they require, when they require it.
Trusted by leading financial firms to manage and report on their third-party relationships.
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Other products in the OneView suite
OneView: Operational Resilience
Quickly and easily assess the operational resilience of your vital services, so that you can keep delivering great performance.
OneView: Product Governance
Discover complete visibility of your product suite, to enable effective governance, quick decision making and help mitigate risk.
