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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

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