BMO Quickly Incorporates Pandemic Concerns into its Digital 3rd-Party Risk Management Program
BMO Quickly Incorporates Pandemic Concerns into its Digital 3rd-Party Risk Management Program
3 Pages© 2020 Coupa Software. All rights reserved. CUSTOMER STORY BMO Quickly Incorporates Pandemic Concerns into its Digital 3rd-Party Risk Management Program Bank of Montreal (BMO) is one of the largest banks in North America, with total assets of $987 billion. BMO faces a high bar of oversight across its 3rd-party risk management program, which is even greater now as regulators perform stress-tests to ensure that the pandemic does not disrupt the financial system. Due to its investments in digitizing risk management with the Coupa Business Spend Management (BSM) platform, the bank was able to quickly understand the measures that suppliers and 3rd parties are taking to stay safe and resilient. With this data in hand, the bank’s supplier performance and risk teams have been able to
