Better Third-Party Lifecycle Management Starts Here

Manage the entire third-party contract and relationship lifecycle, from onboarding to ongoing monitoring and termination.

COMPLIANCE BUILT BETTER™

Monitor and review clients and vendors across the duration of the business relationship. Systematic screening identifies potential fraud, corruption, KYC, AML, and other risks from relationships across customers, suppliers, businesses, and vendors for escalation and review.

055-checklist-1

Simplify Third Party Management. The day-to-day work of monitoring the client and vendor lifecycle becomes easier and more efficient with data capture, document management, screening and approvals on one platform.

026-files-1

Take a holistic view of third-party interactions. Due diligence and risk assessment focused on a single entity view across business relationships over time provides comprehensive data for better compliance decision making.

008-layers
Thumbs-Up

ONGOING KYC AND VENDOR REVIEW

The potential for third-party risk doesn't end when onboarding does.

Third-Party Lifecycle Management ensures that all stages of the customer and provider relationship are surveilled with due diligence, ongoing monitoring and performance measurement.

Badge

IDENTIFY AND MANAGE RED FLAGS

Continuously monitoring and assessment identifies areas of potential risk.

Case management, process automation, SLAs, dashboards, and escalations facilitate the effective management of identified issues.

Monitor

STAY UP TO DATE WITH AUTOMATIC UPDATES

Third-Party Lifecycle Management monitors third parties for changed and updated information from data providers and automatically assesses the risk impact, with escalation to relevant teams for review and disposition.

Maintain compliance and operational resilience throughout the entire customer or vendor relationship

Asset 1@2x-kye-faq-min

Configure rules, forms, workflows, alerts and approvals to meet the firm's unique needs. 

Third-Party Lifecycle Management integrates seamlessly with existing systems and automates the complexity of managing  

The platform is designed to be easily customizable to fit the unique needs and policies of different organizations.

MCO’s Third-Party Lifecycle Management solution is part of the Know Your Third Party compliance suite, an integrated solution that manages compliance risk across customer, supplier, business and vendor relationships.

Streamline KYC and Third-Party Risk Across the Customer and Vendor Lifecycle

With powerful screening, risk assessment and approval capabilities on one platform, MCO’s Third Party Lifecycle Management solution enables you to effectively understand and manage potential risk across customer and vendor business relationships, enabling compliance from onboarding all the way through to offboarding. Third-Party Lifecycle Management provides configurable workflows to automate tasks including data capture and case management, streamlining the management of third-party contracts and relationships and ensuring regulatory compliance and adherence to internal policy.

Rounded-Animate-Image

MyComplianceOffice | Solutions | FinCEN RIA Rule AML Compliance

Be ready for the FinCEN RIA Final Rule with Risk-Based Anti-Money Laundering (AML) and Know Your Customer (KYC) Compliance

Learn more