What does REDE Consulting do?

REDE Consulting is a specialist ServiceNow IRM/GRC consultancy offering Strategic Advisory, Implementation, Development, and Managed Services exclusively for Finance, Pharma, and Healthcare.

Which industries does REDE Consulting serve?

REDE serves Financial Services (banking, insurance, fintech), Pharma & Life Sciences, and Healthcare exclusively, with deep regulatory expertise in DORA, HIPAA, GxP, FDA 21 CFR Part 11, and SOX.

When was REDE Consulting founded and where is it based?

REDE Consulting was founded in 2021 and is headquartered in Pune, Maharashtra, India, with operations across the USA, EU, DACH, Nordic, and Southeast Asia.

Operational Resilience in a DORA World: Managing Third-Party and Enterprise Risk in Banking

10 minutes ago

2 min read

The Challenge

As digitization and global connections expand, banks and financial institutions are paying closer attention to operational risk, adopting strategies to manage it enterprise-wide and prepare for frameworks like DORA that raise the bar on ICT and third-party resilience.

The difficulty is less about recognizing the risk and more about connecting it. Vendor incidents, concentration risk, and resilience testing results often live in separate systems that were never designed to talk to each other.

The Existing Approach: What Most Banks Use Today

Third-party and operational risk are commonly managed through siloed vendor management tools or spreadsheets, disconnected from the broader enterprise risk management (ERM) framework.

Resilience testing, incident tracking, and vendor concentration data typically get reviewed separately, making it difficult to see how a single vendor incident might cascade across multiple business lines.

Siloed vendor management tools separate from core ERM systems
Manual correlation between vendor incidents, concentration risk, and resilience test results
Resilience testing treated as a periodic exercise rather than continuous monitoring
Limited enterprise-wide visibility into cascading third-party exposure

How REDE's AI Solution Enhances the System

REDE layers AI-driven continuous third-party and ICT risk monitoring onto the bank's existing vendor management and ERM systems, correlating incidents, concentration risk, and resilience testing results into a single enterprise view.

This lets risk leaders spot emerging resilience gaps, like unexpected concentration in a single vendor or subcontractor, before they escalate into an operational disruption, rather than discovering them during the next scheduled review.

Automated correlation of vendor incidents, concentration risk, and resilience testing into one view
Continuous monitoring layered onto existing vendor management and ERM tools
Early warning signals for emerging concentration or cascading third-party risk
Enterprise-wide visibility instead of siloed, department-level tracking

Get in Touch

If your organization is looking to modernize its IRM/GRC program with AI-enhanced monitoring and evidence generation, REDE Consulting can help you assess your current systems, identify where AI adds the most value, and implement it without disrupting what already works.

About REDE Consulting

REDE Consulting is a specialized Integrated Risk Management (IRM) and Governance, Risk & Compliance (GRC) advisory firm serving banks and financial institutions. We help banking compliance, risk, and audit teams move beyond static, manually maintained systems toward AI-enhanced programs that keep pace with regulators like the Federal Reserve, OCC, FDIC, and evolving frameworks such as DORA, while giving leadership continuous, evidence-backed visibility into risk.

Reach out to our team at evita@rede-consulting.com to schedule a consultation and learn how REDE Consulting's AI-enhanced approach can strengthen your bank's risk and compliance program.