The final roundtable of the year for the FinSec Leadership Forum took place at Virgin Money in Glasgow, focusing on the critical issues of supply chain security and third-party risk management. The atmosphere was charged with positive momentum, showcasing a dedicated core membership and a growing number of supporters eager to collaborate on pressing industry challenges. During the discussions, participants highlighted several core challenges. The current supply chain assurance processes are often confusing for fintechs, leaving them to navigate a complex regulatory landscape with increasing scrutiny. There is a clear demand for more streamlined and effective approaches to third-party risk management, as well as a recognition that collaboration within the financial services sector can be hindered by red tape and the sensitivity of data sharing. In response to these challenges, the forum discussed several proposed solutions. Standardising supply chain assurance activities could simplify processes across the industry, while enhanced collaboration will be crucial in identifying and addressing concentration risks. A commitment to cultivating a strong culture of security and risk management within organisations was emphasised, alongside the proposal to establish a working group dedicated to innovating and tackling these challenges head-on. A heartfelt thank you goes out to everyone involved, particularly Nicola Cooper and David Goodacre OBE, whose ongoing support has been invaluable. As we look towards 2025, there’s a shared excitement to continue these conversations and translate insights into meaningful action. #FinTech #SupplyChainSecurity #ThirdPartyRisk #CyberSecurity #FinancialServices #Innovation #Collaboration #Leadership #Networking Scott Moncur Vialex Daniel Neal Elaine McKechnie i-confidential Colin Fraser Devraj Basu University of Strathclyde Steven Ross M&G plc Pardeep Cassells AccessFintech Dr Mick O'Connor CEng CDir HAELO Max Harvey Paul Drummond Thabo Banda, CISSP, MSc Royal London
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