Outsourcing lifecycle

Whisperly AI AgentLIVE
VENDOR RISK OFFICER
Start new outsourcing: core banking maintenance, Veltrix Systems. Use the NBS framework.
Completed
Screen this against the outsourcing criteria.
Completed
WHISPERLY
This qualifies as outsourcing under the NBS framework. Next step: assess whether the function is critical or important.
VENDOR RISK OFFICER
Message the agent…
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02

Screening

OUT-0214 · Veltrix SystemsCore banking maintenance
Performed on a recurring, ongoing basis
Yes
Would otherwise be performed by the institution
Yes
One-off purchase of goods or utilities
No
Outsourcing confirmed. Added to the register of outsourced activities.
Every vendor screened against the NBS criteria before the contract is signed.