About Us

We are a team of compliance experts who provide third party risk management (TPRM) solutions to small, medium, and large financial institutions.

Press Releases

AmTrust North America Selects Fortrex Technologies’ VendSure™ for Third Party Risk Analysis

August 30, 2019 – AmTrust North America has selected Fortrex Technologies VendSure™ Due Diligence Document Analysis service to provide in-depth third party risk analysis, risk identification, and risk mitigation recommendations. Leveraging Fortrex Technologies’ partnership with Compliance Education Institute’s (CEI) 3rd Party Toolbox™ vendor management solution to manage third party risk, AmTrust has implemented a best-in-class solution supported by two companies with unparalleled vendor management expertise.

“It’s a privilege for Fortrex to be providing a tremendous company like AmTrust, a global financial services provider, with all the data they need to recognize, review, and accept or mitigate risks, through our VendSure Reports,” said Bill Schneider, EVP, Operations and Risk Management, Fortrex Technologies, LLC. “It’s satisfying to know that we have such a strong partnership with CEI and together have a comprehensive strategy around supporting AmTrust. We have a culture of growth in risk assessment, and believe that the stronger our product is, the stronger its defense of your company is. It’s great to see that recognized.”

“VendSure Vendor Due Diligence is the industry standard for comprehensive vendor risk review and analysis. It gives vendor managers all the information they need to efficiently and effectively address the risk their vendors pose to their institution. We’re pleased that in partnership with Compliance Education Institute, our combined solution of VendSure and 3rd Party Toolbox™ (3PT) was recognized for the depth and strength of our united offering,” stated Mike Edison, CEO of Fortrex Technologies.

“We’re extremely pleased that 3rd Party Toolbox™ has been selected by AmTrust. Partnering with a global financial services provider and industry leader such as AmTrust speaks volumes for our solution and our company. The implementation was quick and seamless and AmTrust was in production in no time!” stated Mick Kless, CEO of Compliance Education Institute. “3PT has set a new standard in the industry by pulling together Vendor Risk, Performance, Value, Service and Category Management into a single integrated solution for the enterprise that is implemented in a fraction of the time required by other vendors. It plugs the holes in the alphabet soup of existing vendor management solutions from low end to high end, combining powerful features with ease of use that’s hard to find elsewhere.”

About AmTrust North America

With over 7,000 employees serving 70 countries, we have become a top U.S. commercial insurer and a leading global provider of warranty products and specialty risk. But we believe as you get bigger, you also have to get better. Our investments in people and proprietary technology allow us to offer our customers the most innovative insurance products to meet their needs today and anticipate their needs for tomorrow. The more we learn from our historical claims data, the better we can build programs, products and services to help you prevent loss, prepare for risks and prevail when the unexpected occurs.

 

About Fortrex Technologies, LLC

Fortrex Technologies, LLC is a team of compliance experts who provide third party risk management (TPRM) solutions to small, medium, and large financial institutions and healthcare service providers. With our customized services, affordable pricing, and high-level expertise, we can help your institution get and stay compliant with regulatory guidelines—so that you can focus on your customers.

Founded in 1997, Fortrex Technologies, Inc. began as a market leader in providing IT Governance and Risk services and solutions. Today, our focus is building partnerships with you, whether you need an end-to-end TPRM solution, a la carte compliance services, or an advisor to weigh in on decisions.

Media Contact: Bill Schneider, schneiderb@fortrex.com, 240-575-7463

Related Links: http://www.fortrex.com

 

About Compliance Education Institute

Compliance Education Institute (CEI)’s mission is to provide detailed, practical education regarding many different specialized facets of third party risk management (TPRM). Now in its sixth year, CEI’s CRVPM® course is still the #1 vendor management program certification course with more than 1,800 graduates in 14 countries, many of whom have gone on to take the CRVPM Level ll and Level lll advanced courses. Due to the solid set of fundamentals taught in the CRVPM course, it has transcended market sectors and includes banking, insurance, retail, audit & consulting, brokerage & securities, automotive, mortgage & lending, and healthcare. Certification courses are available online and onsite.

Media Contact: Mick Kless, mick.kless@compliance-edu.com, 732.800.0744, ext. 6

Related Links: http://www.compliance-edu.com

New Strategic Partnership Announcement

Compliance Education Institute and Fortrex Technologies, LLC partner to deliver comprehensive services

May 1, 2019 – Furthering their dedication to provide comprehensive third party risk management (TPRM) services, Compliance Education Institute and Fortrex Technologies, LLC, are pleased to announce our new strategic partnership.

Compliance Education Institute provides comprehensive, detailed, and practical third party risk management certification courses to a variety of market sectors, demonstrating its strong foundational components that can be leveraged anywhere. Compliance Education Institution’s Certified Regulatory Vendor Program Manager (CRVPM®) designation has become a standard for third party risk managers, auditors, compliance officers, information security officers, vendor relationship owners and many others who own the TPRM program or manage vendor relationships.

Fortrex Technologies offers VendSure®, an enhanced due diligence service. Fortrex provides expert analysis of vendor documentation, including SSAE SOC reports, with focus on 30 industry controls around FFIEC and ISO standards. The resulting VendSure® Report contains easy-to-understand recommendations to assist with risk mitigation activities.

Financial institutions and healthcare service providers are constantly looking to improve their security posture and that of their vendors. It’s no secret that managing a TPRM program requires constant attention to regulatory updates, encouraging employees to complete analyses in a timely manner, and determining what to do to mitigate risk. With this new partnership, TPRM program managers will have the opportunity to improve their skill sets and programs with incisive, focused training and certification while concentrating on the due diligence analysis results and evaluating and executing mitigating actions based on clear recommendations.

“We’re very enthusiastic about the new partnership with Fortrex,” said Mick Kless, founder and CEO of Compliance Education Institute. “Their in-depth documentation analysis and recommendations provide a key support function to a facet of TPRM that is always inundated with work and struggling to keep up. Their deep expertise and timely reporting will provide an outstanding support mechanism for our clients.”

“We are excited about the opportunities this partnership provides our clients to increase their knowledge and obtain an industry standard certification.,” said Bill Schneider, EVP of Risk Management for Fortrex Technologies, LLC. “CEI’s training and certification will improve clients’ TPRM programs, improve their institution’s risk posture, and make each financial institution a stronger part of the economy.”

About Compliance Education Institute

Compliance Education Institute (CEI)’s mission is to provide detailed, practical education regarding many different specialized facets of third party risk management (TPRM). Now in its sixth year, CEI’s CRVPM® course is still the #1 vendor management program certification course with more than 1,800 graduates in 14 countries, many of whom have gone on to take the CRVPM Level ll and Level lll advanced courses. Due to the solid set of fundamentals taught in the CRVPM course, it has transcended market sectors and includes banking, insurance, retail, audit & consulting, brokerage & securities, automotive, mortgage & lending, and healthcare. Certification courses are available online and onsite.

Media Contact: Mick Kless, mick.kless@compliance-edu.com, 732.800.0744, ext. 6

Related Links: http://www.compliance-edu.com

 

About Fortrex Technologies, LLC

Fortrex Technologies, LLC is a team of compliance experts who provide third party risk management (TPRM) solutions to small, medium, and large financial institutions and healthcare service providers. With our customized services, affordable pricing, and high-level expertise, we can help your institution get and stay compliant with regulatory guidelines—so that you can focus on your customers.

Founded in 1997, Fortrex Technologies, Inc. began as a market leader in providing IT Governance and Risk services and solutions. Today, our focus is building partnerships with you, whether you need an end-to-end TPRM solution, a la carte compliance services, or an advisor to weigh in on decisions.

Media Contact: Bill Schneider, schneiderb@fortrex.com, 240-575-7463

Related Links: http://www.fortrex.com

Fortrex

Compliance Experts

We are a team of compliance experts who provide third party risk management (TPRM) solutions to small, medium, and large financial institutions. With our customized services, affordable pricing, and high-level expertise, we can help your institution get and stay compliant with regulatory guidelines—so that you can focus on your customers.

Founded in 1997, Fortrex Technologies, Inc. began as a market leader in providing IT Governance and Risk services and solutions. Today, our focus is building partnerships with you, whether you need an end-to-end TPRM solution, a la carte compliance services, or an advisor to weigh in on decisions.

Meet Our Team

Our values of Integrity, Excellence, Empowerment, Teamwork, and Thankfulness are reflected in all of our relationships—with our employees, customers and partners. We look forward to working with you.

J. Michael Edison

CEO

Mike Edison founded Fortrex Technologies in 1997. He designed, prototyped, and patented Fortrex’s signature vendor risk management solution, VendorPoint.

Prior to forming Fortrex, Mr. Edison held several positions during his tenure with Pioneer Technologies. He served as Corporate Director of Value Added Services, where he was responsible for Pioneer’s entire systems integration and component kitting operations, which combined, represented over $50 Million in revenue.

Before his time at Pioneer, Mr. Edison was Sr. Scientific Programmer for Walt Disney World’s EPCOT Center, where he designed, managed, implemented, and maintained several systems within the EPCOT complex.

As a key figure in vendor risk management to the financial services community, Mr. Edison speaks frequently at financial institution seminars, ABA conferences, and during phone briefings. He also publishes whitepapers on the subject of vendor risk management.

Bill Schneider

EVP, Operations and Risk Management

Bill Schneider has run Fortrex Technologies’ VendSure program for over five years. With this experience, he helps clients find effective ways to manage and execute their third party risk management (TPRM) programs.

Mr. Schneider has successfully managed $1MM+ IT agile custom software development and integration projects for the finance and healthcare industries, Fortune 500 companies, and Federal government. These projects include data-driven donation web sites, claim servicing and payment web applications, expense and reimbursement web applications, energy futures trading applications, and Energy Star decision support applications. He has managed project execution using Agile (XP), iterative, and full software development lifecycle (SDLC) methodologies for over 20 years, with over 26 years of IT software development and delivery experience. Bill maintains his PMP certification from PMI.

Carole Thomas, CRVPM III

Vice President, Client Advocate, Risk Management Analyst Team Manager

Carole Thomas has spent 30+ years leading successful results in financial services product research, development, implementation, training, and regulatory third party risk management (TPRM). In the eight years prior to joining Fortrex, Ms. Thomas held a Vice President position in the vendor management group of a large financial institution where she co-developed an enterprise-wide, TPRM program that was recognized by the institution’s regulatory examiners as a best practice model. She joined Fortrex in 2015 and manages the VendSure® analyst team and workflow. In her Client Advocate role, Ms. Thomas provides clients with real-world, proven roadmaps for constructing and re-tooling vendor management programs to meet regulatory requirements and ease business pain.

Ms. Thomas maintains a Certified Regulatory Vendor Program Manager - CRVPM III Advanced Designation and is a Lean / Six Sigma Yellow Belt (BMGI). She also holds Army Community Service (ACS) certifications including Army Family Team Building (AFTB); Volunteer Management Information System (VMIS); and Mentor Training.

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