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Check out this discussion on vendor risk in financial services, where technology, cybersecurity, and AI intersect. Join host Dr. Darren, a seasoned expert in digital transformation, and special guest Galen Councelman, CIO of Penair Credit Union. Together, they share valuable insights on managing vendor relationships and maintaining security in an evolving digital landscape.

## Key Takeaways:

- Understand the distinction between privacy and security in cybersecurity, especially in the financial sector.

- Learn the critical importance of conducting rigorous risk assessments for every vendor.

- Discover how integrating multiple vendors seamlessly is essential for a smooth user experience.

- Uncover the challenges of varying data standards across different vendors in the financial services landscape.

- Gain insights into how synchronous communication among vendors can resolve issues more efficiently than asynchronous methods.

## Chapters:

- 00:00 - Introduction

- 02:15 - Guest Background and Origin Story

- 10:05 - Transition from Healthcare to Financial Services

- 15:30 - Vendor Management in Financial Institutions

- 22:00 - Importance of Risk Assessments and Security Measures

- 30:45 - Challenges with Data Integration Across Vendors

- 38:00 - Conclusion and Call to Action