Speed with control
Automate procurement from intake to assessment to contract, with guardrails that keep your policies in force.
ReportThe 2026 State of TPRMThe 2026 State of TPRM: where programs break and what risk leaders want insteadDownload
Coverbase gives banks, credit unions, and other financial institutions one system to run procurement and third-party risk.
Intake, due diligence, and ongoing monitoring stop living in spreadsheets and email threads. Coverbase orchestrates them end to end, with the audit trail examiners expect built in from the start.
CoverbaseFinancial institutions | vendor lifecycle
Financial institutions | vendor lifecycle
A new vendor enters the review
Vendor request
Activity criticality
Your control set
Agent work
01Tier the relationship
02Collect evidence
03Log the decision
Review record prepared
Your risk team approves with the evidence attached.
Why financial institutions run on Coverbase
- 01
AI-native risk orchestration
Automate intake, assessments, and contract reviews with workflows mapped to your policies, your control sets, and the frameworks examiners hold you to. - 02
Built around interagency guidance
Align planning, due diligence, and ongoing monitoring with the 2023 Interagency Guidance on Third-Party Relationships: Risk Management, so your process matches what the Federal Reserve, FDIC, and OCC look for. - 03
Faster procurement, fewer gaps
Cut cycle times from supplier request to signed contract while keeping every approval, exception, and control inside one record. - 04
Continuous oversight
Track suppliers across financial, security, compliance, and reputational risk continuously, and catch problems before they reach an exam. - 05
Audit-ready by design
Every action, document, and approval is captured and traceable, so prepping for an exam means pulling a report, not rebuilding history.
Run vendor risk the way examiners expect
Exam findings often come from scattered evidence, not missing policy. Coverbase keeps the work and the proof in one place.
Exam-ready evidence
Pull a complete, time-stamped record of diligence and monitoring for any vendor on demand.Connects to core systems
Integrate with ERP, GRC, and other systems of record without replacing what already works.Concentration and nth-party visibility
See where you are concentrated and which fourth parties sit behind your critical vendors.Controls that match your policy
Configure assessments around your own control library, not a generic template.
One platform for third-party risk and security
Explain with confidence
AI shows its reasoning for each recommendation, so you can explain your ratings, approvals, and exceptions.
Automate with assurance
Launch new workflows and adapt controls as your program and its regulations change.
How we protect your data
These are the practices behind the supplier records and evidence you keep in Coverbase. Read our security and privacy program.
To request our SOC 2 report or report a vulnerability, email security@coverbase.ai.
Independent review
A SOC 2 Type II audit against the AICPA Trust Services Criteria for security, availability, and confidentiality.Testing and remediation
External penetration tests every year, plus vulnerability scans and static and dynamic application security tests, with findings tracked through remediation.Identity and production access
SSO and SAML with Okta, Microsoft Entra, Google, and other identity providers. Multi-factor authentication is required for production access.Data protection
Data encrypted at rest with AES-256 and in transit with TLS 1.2 or higher.Internal accountability
Access logging, quarterly least-privilege reviews, and required employee security and privacy training.
What your risk team will ask
Your policy sets the bar. Here's where our work fits.
Can we use our own control sets?
Yes. We map supplier assessments to your control set, so a critical core provider gets the checks your policy calls for.
Does it replace our existing systems?
We connect procurement and risk work to your existing systems. You choose the integrations and keep the systems that already work.
Can we see fourth-party exposure?
Yes. We map direct vendors and relevant providers behind them so you can investigate a shared dependency.
What can we show examiners?
We keep the diligence, approvals, exceptions, and monitoring history attached to the vendor decision. You still own the judgment you show an examiner.