What is a third-party arrangement?

A third-party arrangement refers to any contractual agreement in which an external service provider delivers services for a financial institution. This includes both outsourcing in the regulatory sense as well as other ICT and non-ICT services.

Weitere hilfreiche Antworten

Is the Leno GRC platform customizable as a No-Code solution?

Yes, as a modern cloud platform, Leno allows for No-Code configuration.

Yes, as a modern cloud platform, Leno allows for No-Code configuration. The solution is highly scalable and can be flexibly adapted to your internal structures, processes, and permission sets without any programming effort.

How does Leno replace manual Excel sheets with automated GRC workflows?

Leno eliminates manual errors through high-level automation and integrated AI

Leno eliminates manual errors through high-level automation and integrated AI. Structured workflows and built-in regulatory expertise replace tedious email-based coordination and static lists with a modern, digital process.

Can Leno link existing Third-Party Risk (TPRM) processes with Contract Management (CLM)?

Yes, Leno eliminates fragmented data silos by seamlessly linking vendors directly to their corresponding contracts, risks, and mitigation measures.

Yes, Leno eliminates fragmented data silos by seamlessly linking vendors directly to their corresponding contracts, risks, and mitigation measures. This seamless integration prevents redundant data entry and ensures full transparency.

What makes Leno the leading GRC platform for Third Party Risk Management, Contract Management, Information Security Management & BCM?

Leno is a modular GRC platform designed to digitalize and automate Governance, Risk & Compliance.

Leno is a modular GRC platform designed to digitalize and automate Governance, Risk & Compliance. It serves as a central hub for Third-Party Risk Management (TPRM), Contract Lifecycle Management (CLM), Information Security (ISM), and BCM.

What is a third-party arrangement?

Ein Third Party Arrangement bezeichnet jede vertragliche Vereinbarung, bei der ein externer Dienstleister Leistungen für ein Finanzinstitut erbringt. Dazu zählen sowohl Auslagerungen im aufsichtsrechtlichen Sinne als auch sonstige IKT- und Non-IKT-Dienstleistungen.

A third-party arrangement refers to any contractual agreement in which an external service provider delivers services for a financial institution. This includes both outsourcing in the regulatory sense as well as other ICT and non-ICT services.

How fast can Leno be deployed using onboarding and templates?

Thanks to pre-defined GRC templates and expert onboarding support, you can achieve a rapid "Go-Live".

Thanks to pre-defined GRC templates and expert onboarding support, you can achieve a rapid "Go-Live". We guide you from initial data migration to full production to ensure a smooth transition.

Which regulatory requirements apply to third-party arrangements?

Third Party Arrangements unterliegen insbesondere den Anforderungen aus MaRisk und den EBA-Leitlinien on Sound Third Party Risk Management.

Third-party arrangements are subject in particular to the requirements of MaRisk and the EBA Guidelines on Sound Third Party Risk Management. Depending on the type of service, additional regulatory requirements may also be relevant, such as DORA for ICT services.

Is the platform available in multiple languages for global teams?

Yes, Leno supports English and German as standard.

Yes, Leno supports English and German as standard. Additional languages for international GRC teams can be added upon request to support your global compliance operations.

How does Leno handle user management and data security?

Security is ensured through Single Sign-On (SSO) and role-based access control (RBAC).

Security is ensured through Single Sign-On (SSO) and role-based access control (RBAC). Leno provides hosting and support directly from Germany, adhering to the highest security standards and architectural requirements.

How does this topic differ from ICT Third Party Risk Management under DORA?

Das Auslagerungsmanagement bzw. Third Party Risk Management (TPRM) gemäß MaRisk und EBA-Leitlinien bezieht sich auf Non-IKT-bezogene Third Party Arrangements, einschließlich Auslagerungen.

Outsourcing and Third Party Risk Management under MaRisk and EBA guidelines relates to non-ICT third-party arrangements, including outsourcing. DORA complements this approach and focuses exclusively on ICT services and digital operational resilience. Both frameworks share the same goal - strengthening third-party risk management - but are clearly distinct. The challenge lies in correctly distinguishing between ICT and non-ICT third-party arrangements. Leno handles this distinction for you - AI-supported and in compliance with regulations.

‍

Which modules does Leno offer for DORA, BCM, and Contract Management?

Leno TPRM (Third-Party Risk & Outsourcing), Leno CLM (Contract Management), and Leno ISM (Information Security & BCM).

Leno is modular and fully integrated. We offer specialized modules: Leno Third-Parties, Leno Contacts, and Leno Security & Resilience. All modules work together to form a holistic GRC ecosystem.

How does Leno support audits in TPRM?

Leno stellt alle Informationen zu Third Party Arrangements konsistent, aktuell und prüfungssicher bereit. Bewertungen, Genehmigungen und Änderungen sind jederzeit nachvollziehbar dokumentiert und auf Knopfdruck verfügbar.

Leno provides all information on third-party arrangements in a consistent, up-to-date, and audit-proof manner. Assessments, approvals, and changes are fully documented and can be accessed at the push of a button.

How does Leno's AI support outsourcing and third-party management?

Die KI von Leno unterstützt Finanzinstitute bei der effizienten und konsistenten Steuerung von Third Party Arrangements. Sie hilft unter anderem dabei, Leistungen automatisch zu klassifizieren, relevante Informationen aus Verträgen zu analysieren und Dienstleisterdaten strukturiert zu erfassen.

Leno's AI supports financial institutions in the efficient and consistent management of third-party arrangements. It helps, among other things, to automatically classify services, analyze relevant information from contracts, and structurally capture provider data. Additionally, the AI can utilize external and internal data sources to automatically update provider information. This reduces manual effort while improving transparency, data quality, and traceability.

Our products

Comprehensive TPRM and Outsourcing Management

Manage service providers, services and risks throughout the entire lifecycle – from onboarding and ongoing monitoring to exit. Leno brings risk assessments, due diligence, contract reviews and approvals together in one seamless process, supporting the implementation of DORA, EBA Guidelines and MaRisk.

Key Features

Available as a standalone solution, with seamless integration with Leno Contracts, Information Security and BCM.

Explore TPRM

AI-Powered Contract Management for All Industries

Manage your contracts throughout their entire lifecycle – from drafting, approval and signing to renewal or termination. Leno Contracts uses AI to extract contract data, makes relationships between documents visible and helps you keep track of deadlines and obligations.

Key Features

Available across industries as a standalone solution – no additional Leno modules required. Seamlessly integrates with TPRM, Information Security and BCM when needed.

Explore Contract Management

Information Security & BCM Based on ISO 27001 and BSI IT-Grundschutz

Understand which processes, systems and service providers are critical to your organisation. Leno maps your information domain and connects protection requirements assessments, risk assessments and business impact analyses on a shared data foundation. Identify dependencies, assess the potential impact of disruptions and determine the necessary security measures.

Key Features

Available across industries as a standalone solution – with seamless integration with Leno Third-Parties and Leno Contracts when needed.

Explore Information Security & BCM

Let’s Talk About Your Needs

Book a Call
Book a 30-minute introductory call with our team.