Reuters – Bank of America Corp, JPMorgan Chase & Co, Wells Fargo & Co and American Express Co, have created a company called TruSight to standardize the work of vetting third party suppliers and partners, according to an announcement Tuesday by the newly-formed consortium.

Increasing innovation in financial services has led to more partnerships and more risk events, which are increasingly sophisticated, according to Abel Clark CEO of TruSight and a former Thomson Reuters executive…

 

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