Coverbase

Coverbase

Coverbase is an AI-native third-party risk management (TPRM) and procurement orchestration platform built for financial institutions and regulated enterprises. We replace checkbox-based vendor assessments with continuous, evidence-based risk evaluation - giving compliance, procurement, and security teams a living picture of vendor risk backed by real control validation, not self-attestation.

2023

Info Security/Privacy, Risk Management, Technology, Vendor/Third Party Management

Third-party risk programs at banks rely heavily on questionnaire-based attestation that vendors self-report, creating blind spots. Coverbase addresses the growing burden of vendor due diligence, the lack of continuous monitoring between assessment cycles, the gap between procurement intake and risk oversight, and the regulatory pressure from OCC, FFIEC, and DORA to demonstrate substantive third-party controls.

AI-native TPRM platform with automated vendor risk assessments, continuous control monitoring, customizable assessment frameworks mapped to regulatory standards (FFIEC, SOC 2, ISO 27001), procurement-embedded risk intake, and vendor living profiles that update in real time - reducing manual review time while improving evidence quality.