Wavelength Podcast Ep. 182: Third-Party Resiliency & Regulatory Pressure

Wei-Shen and Tony discuss third-party and vendor concentration risk.

Wei-Shen Wong, Asia Editor, and Anthony Malakian, Editor-in-Chief of WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.

To hear the full interview, listen in the player above, or you can download it.

This week, Tony and Wei-Shen talk about third-party resiliency and how systems are increasingly interconnected. They also look at how disruptive outages and vulnerabilities are to the industry and the implications on systemic risk. 

https://www.waterstechnology.com/regulation/4818706/vendors-feel-heat-as-regulators-pile-pressure-on-third-party-resiliency

https://www.waterstechnology.com/regulation/4813941/google-exec-regulators-insisting-on-multi-cloud-for-financial-firms

https://www.waterstechnology.com/data-management/4515601/the-future-of-cloud-regulation-the-authorities-are-taking-notice

1:00 – Tony starts by talking about how new laws in Europe will require fintech firms to scrutinize their control frameworks to deal with system failures. 
3:30 – The challenge of understanding third-party and fourth-party vendor relationships. 
5:00 – They delve into the complexities of validating their relationships with third-party vendors, and beyond. 
7:00 – This is where the fight begins. How much will vendors push back on revealing potentially sensitive and proprietary information to the regulators? 
9:30 – If regulators are asking firms to adopt multi-vendor strategies, what are the cost implications? 
13:00 –Tony and Wei-Shen then talk about how it’s the small errors that lead to major blow-ups, and how monitoring that is a huge challenge.   
17:30 – They wrap up the podcast discussing their favorite Oscar-nominated films, who deserved to win, and what’s next on their watch list. 

Contact Info: 

As is the case with everything we do, we'd love to get some feedback from our listeners.

Wei-Shen Wong: + 852 3411 4758;  [email protected]

Anthony Malakian: + 1 646 490 3973; [email protected]


Past 10 episodes:

Episode 172: Buy-Side Trading & Automation

Episode 173: Hadoop, Data Warehousing

Episode 174: Previewing Waters USA

Episode 175: Tradeweb's Billy Hult

Episode 176: Data Hungry AI; Women in Data

Episode 177: Data Implications of 5G & IoT

Episode 178: MEMX's CEO & COO

Episode 179: Deepfakes and the Capital Markets

Episode 180: FactSet's Sara Dillon

Episode 181: M&A News; Limitations of AI

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