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ReportThe 2026 State of TPRMDownload
Financial services · Third-party risk

Highly regulated doesn't have to mean high touch.

Zero-Touch Assessments give your TPRM team full risk visibility without the bottleneck, and your CIO a program that scales without adding headcount.

See the Coverbase platform in action in a live session tailored to your vendor risk and procurement workflows.

01 · Overview

96% of organizations take more than two weeks to approve a vendor, and half point to evidence collection as the main reason.

Zero-Touch Assessments pull SOC 2s, ISO certifications, and policy documents from trust centers first. Vendors are only asked for the delta, so your team gets full visibility without the chase.

Source: The 2026 State of TPRM

Trusted by risk and procurement teams across financial services

Nationwide
Huntington Bank
Coastal Community Bank
General Bank of Canada
Live Oak Bank
Simmons Bank
B1 Bank
Achieva Credit Union
Freedom First Credit Union
Florida Central Credit Union
Vantage Bank
Sunwest Bank
02 · Roles

Built for the TPRM lead and the CIO

For the Head of TPRM

Goal

Clear the evidence-collection bottleneck without lowering the bar on risk visibility.

Half of programs cite evidence collection as their main delay. Coverbase starts from the evidence vendors already publish, so your analysts review a drafted assessment instead of chasing documents.

Vendors asked only for what is missing

For the CIO

Goal

Scale the vendor program as the business grows, without scaling headcount or spend.

A named reviewer signs off on the AI's work instead of chasing paperwork, so the program grows with the portfolio rather than the org chart. Thread Bank cut vendor onboarding from 60 days to 10 without adding headcount.

Thread Bank: onboarding cut from 60 days to 10

03 · Zero-Touch Assessments

Assessments that start from evidence you already have, not a blank questionnaire.

The agent pulls existing evidence first and drafts the assessment. A named reviewer checks the AI's work, not the vendor's paperwork. Nothing ships without a human sign-off, but no one is chasing PDFs to get there.
Coverbase pulls trust-center evidence and drafts a control-mapped assessment, no blank questionnaire required.
Trigger-based reassessment keeps vendor risk current between formal reviews.
  • Trust-center evidence pull
  • AI-drafted answers with source attribution
  • Human-in-the-loop review
  • Trigger-based reassessment
04 · Proof points

Close the approval gap without adding headcount.

  • 96%

    of organizations take more than two weeks to approve a vendor.

  • 50%

    cite evidence collection as the primary reason for the delay.

  • 10 days

    vendor onboarding at Thread Bank, down from 60.

First two figures: The 2026 State of TPRM. Onboarding figure: Thread Bank.

See it work on your vendor list.

See the Coverbase platform in action in a live session tailored to your vendor risk and procurement workflows.

Book a demo