A sector-focused initiative designed to improve supplier risk management, strengthen operational resilience, and foster collaboration among financial institutions.
Supply chain management has become one of the main sources of risk for banks and insurance companies. Increasing regulatory pressure, growing reliance on technology providers, and rising cybersecurity threats have highlighted the need for robust and consistent supplier oversight processes.
In this context, Achilles announces the launch of a new specialised Banking & Insurance community, designed to provide the sector with a common framework for the evaluation, management, and continuous improvement of suppliers.
This initiative will enable financial institutions to strengthen control and transparency across their third-party networks, while also facilitating industry collaboration to address shared challenges.
The new community will allow banks and insurers to work in a coordinated way to:
- Share best practices in supply chain management.
- Drive joint improvement initiatives across the supply chain.
- Establish consistent criteria for supplier certification.
- Reduce duplication in certification processes and data collection.
The Banking & Insurance community provides a structured framework that enables organisations to enhance supply chain visibility and strengthen due diligence processes.
About Achilles
Achilles supports organisations worldwide in managing risk and improving supply chain performance by connecting buyers with pre-qualified suppliers through a global network. With more than 30 years of experience, Achilles delivers validated data, audits, and tools that enable companies to strengthen due diligence processes, improve the sustainability of their value chains, and comply with increasingly demanding regulatory frameworks.
Press contact
Irina Sigler
Head of Marketing SEU & LATAM
