In today’s complex regulatory environment, managing third-party risk is both a compliance mandate and a business necessity. A central Indian bank, overseeing an extensive vendor ecosystem, found its manual vendor assessment processes unsustainable. NuSummit Cybersecurity stepped in to modernize the process through a dedicated CDC-led vendor risk assessment desk.

Business Challenges

The client with a sprawling vendor network struggled to manage third-party risk due to a reliance on manual, fragmented processes. Key pain points included:

1. Lack of centralized oversight across hundreds of vendor relationships.
2. Cumbersome assessments that slowed down onboarding and audits.
3. Difficulty in tracking, reporting, and mitigating risk in real-time.
4. Pressure to maintain regulatory compliance with evolving norms in a high-risk environment.

The client recognized that they risked compliance failures and reputational damage without automation and specialized oversight.

CDC-Driven Solution: Digitizing and Scaling Vendor Risk Management

To help the client manage a rapidly growing third-party risk portfolio, NuSummit Cybersecurity established a dedicated vendor risk assessment desk within its Cyber Defense Centre (CDC). This solution delivered end-to-end governance across the TPRM lifecycle, combining digital workflows, expert resources, and real-time insights.

Key solution components included:

• Complete lifecycle management of vendor assessments — from initiation to final reporting.
• Deployment and configuration of RSA Archer, enabling automated workflows, centralized risk data, and policy enforcement.
• Ongoing risk monitoring, including structured escalations and executive risk dashboards.
• Real-time analytics and scoring models to guide informed decision-making.
• Scalable, audit-ready operations supported by a skilled analyst pool and compliance-aligned methodologies.

By leveraging the NuSummit Cybersecurity CDC model, the client gained a digitally enabled, fully managed third-party risk program that adapted seamlessly to increasing vendor volumes and regulatory scrutiny.

Business Outcomes

The CDC-driven transformation led to long-term improvements in operational efficiency, compliance, and risk transparency:

• Faster vendor onboarding and assessment cycles, reducing bottlenecks.
• Proactive identification and mitigation of vendor risks before escalation.
• Operational cost savings through reduction in manual workflows.
• Improved compliance posture, ready for internal and external audits.
• Real-time visibility into vendor risk exposure across the organization.

With NuSummit Cybersecurity CDC at the helm of its vendor risk operations, the bank achieved measurable efficiency, compliance, and visibility improvements. The transformation enabled scalable risk governance and positioned the bank to navigate third-party challenges in an evolving regulatory landscape confidently.