Solutions

End-to-End
Third-Party Risk
Management Experts
You Can Trust

We get it. Maintaining Third-Party Risk Management compliance can be a lot. Leverage our industry-leading, cost-effective insights and compliance management solutions to meet your company’s specific needs. 

Solutions That
Serve You

RedKnot offers a comprehensive suite of solutions to help you navigate the complexities of AI governance, third-party risk management and regulatory compliance. Our AI governance solutions ensure your third-party’s innovative services are ethical, transparent and aligned with regulatory standards, while our end-to-end third-party risk management services address the day-to-day management of your program’s needs, customized for your organization’s approach and internal participation. We proactively strengthen your Third-Party Risk Management program to meet evolving legislation, providing automated assessments and pre-audit evaluations for U.S. and EU regulatory requirements.

Our specialized program and project support accompany all of our solutions, aligned with your requirements. With RedKnot, you can stand up your program without fatiguing your internal resources for implementation.

Work With Experts

AI Governance &
Third-Party Risk

RedKnot’s AI governance solutions provide comprehensive oversight to ensure your third-party’s AI initiatives are ethical, transparent and compliant with regulatory standards. As technology evolves and impacts established workflows and processes, look to RedKnot to help you navigate the constantly shifting AI landscape.

Find Your Solution

AI Governance Framework Development

Work with us to develop an AI governance framework for your organization that encompasses robust policies, standards and best practices to ensure ethical and transparent AI when purchasing from third parties. Our comprehensive approach includes continuous risk assessments, compliance monitoring and stakeholder collaboration to mitigate potential risks and align with evolving regulations.

AI Risk Assessments

A thorough AI third-party risk assessment provides key information to help identify possible ethical, legal and reputational risks related to AI utilization. By staying updated on the latest AI regulations and compliance requirements, we ensure your vendors’ AI initiatives are both secure and aligned with industry standards.

Third-Party AI Identification and Governance

RedKnot’s third-party AI identification and governance solutions offer comprehensive oversight of third-party AI systems, ensuring they adhere to ethical standards and regulatory requirements. Our proactive approach includes continuous monitoring, risk assessment and vendor collaboration to maintain transparency and mitigate potential risks.

AI Training

Our AI training programs equip your team with the knowledge and skills to navigate the complexities of AI governance and ethical AI use. Through comprehensive workshops and ongoing education, we ensure your employees are well-versed in best practices and regulatory compliance for AI initiatives.

Regulatory Change Management

RedKnot’s regulatory change management solutions for AI keep your organization ahead of evolving regulations by continuously monitoring and integrating new compliance requirements into your programs. Our expert team ensures that your AI systems are updated and aligned with the latest legal standards, minimizing risk and enhancing operational integrity.

AI Advisory Boards

Allow RedKnot to assist you in establishing an AI advisory board by identifying and recruiting thought leaders who can provide strategic insights and guidance on AI governance. We facilitate the development of the board’s structure and processes, ensuring they effectively address ethical, legal and technological challenges in AI implementation.

Data Governance Reviews

RedKnot provides thorough data governance evaluations to ensure compliance with industry standards and regulatory requirements. Our expert team evaluates and enhances your data policies, procedures and controls, providing robust data integrity and security.

Third-Party Risk Management Managed Services

Besides our consulting services, RedKnot’s comprehensive, end-to-end solutions include vendor selection and onboarding, inherent and residual risk assessment, vendor segmentation, automated due diligence, performance monitoring, issues tracking, documentation review (SOC Reports, Financials, etc.) and ongoing risk monitoring. We oversee all aspects of third-party risk management, allowing us to deliver substantial savings compared to in-house departments. Our capabilities address specific risks associated with vendor engagements, such as reputational, cybersecurity, operational and financial risks. 

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Regulatory Compliance
Expertise Support

Our experts are dedicated to preparing and strengthening your regulatory compliance approach ahead of new legislation, ensuring your organization is always ready to comply. Utilizing automated assessments, we proactively identify potential regulatory compliance gaps before they become issues. We also offer pre-audit assessments for your program, policies and procedures, covering all U.S. regulatory agencies and in the European Union, DORA, GDPR and the EU AI Act.

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Compliance Management System (CMS)

RedKnot excels in standing up and/or fortifying Compliance Management Systems for our clients by delivering tailored solutions that preemptively address regulatory changes and mitigate compliance risks. Our deep industry expertise and proactive approach ensure that your organization consistently meets compliance standards.

Regulatory Change Management & Readiness

RedKnot has provided consulting expertise and project support for some of the largest compliance initiatives in the U.S. and Canada. We collaborate with legal teams and internal stakeholders to ensure confidentiality throughout the process. Our services include remediation and future state process improvement assessments with an emphasis on enhancing your ongoing compliance strategies.

Specialized Program 
and Project Support

Due to RedKnot’s deep Program and Project Support, our clients often ask us to help with one-off implementations, data migrations, and post-migration process improvement. When your organization needs to stay focused on your core strategy while meeting the demands of your growing business, talk to us about lending a hand.

Work With RedKnot

  • Program Governance

    RedKnot provides cross-functional oversight for all projects, prioritizing overall objectives. Our expertise has been instrumental in governing complex platforms and infrastructures for the top-regulated companies in the U.S. and Canada.

  • Acquisition Integration & Data Migration

    Since our founding over 15 years ago, RedKnot has been an integral part of extensive, complex merger integrations for financial services companies and banks in North America. Our seasoned and scalable approach encompasses pre-conversion gap analysis, data mapping and migration, billing, customer segmentation and support, as well as readiness and post-conversion support. We excel in managing customer and employee transitions, ensuring smooth and successful integrations.

  • Cybersecurity & Information Technology (IT)

    RedKnot performs information technology audits in accordance with the five modules mandated by the CFPB. We provide specialized consulting support in the event of breaches or ransomware incidents, offering expert guidance in navigating the complex array of options. Our team works confidentially and collaboratively with your leadership to steer your organization out of crisis.

Consulting & Managed Services 
That Help Your Company Soar 

Contact RedKnot