A typical banking decision
A payment service depends on more than one owner
A typical banking decision can begin with a customer payment service supported by an internal application, an identity control and a specialist supplier. A supplier assessment finds a recovery weakness while a technology change is already planned for the same service.
The platform keeps the service, supplier, technology risk, control, assessment finding and remediation related. The supplier owner works on the finding, technology teams retain their technical context, and risk leadership can see the combined exposure without opening several registers.
- Customer payment service
- Application and identity control
- Specialist supplier dependency
- Finding and remediation
Industry context: US banking agencies describe third-party risk management as a lifecycle that should reflect the relationship's criticality, the bank's risk profile and operational complexity. Review the interagency guidance.
Decision-ready oversight
Answer the questions banking leaders actually ask
Bring current exposure, control confidence and accountable action into the same reporting context.
Decision-ready oversight
Which services are exposed?
Relate risk to the products, operations, technology and suppliers that support an important banking service.
Decision-ready oversight
Which controls change the decision?
Reuse control records and connect assessments, evidence and weaknesses to the risks they influence.
Decision-ready oversight
What needs executive attention?
Report movement, appetite position, unresolved issues and overdue action without manually reconciling registers.
Secure participation
Scale ownership without widening access
Banking risk information can have different access requirements across legal entities, business units, technology teams, assurance functions and leadership. Each Parapet item is secured by design using RBAC, groups and specific users.
The platform supports any OIDC-compliant identity provider, and a banking deployment has supported approximately 30,000 users. There is no per-user charge for Parapet SaaS.
- Item-level permissions
- OIDC single sign-on support
- Personal dashboards for each user
- Consolidated management and board reporting
