Coverbase gives banks, credit unions, and financial institutions one system to run procurement and third-party risk.
Intake, due diligence, and ongoing monitoring stop living in spreadsheets and email threads. Coverbase orchestrates them end to end, with the audit trail examiners expect built in from the start.
Why financial institutions run on Coverbase
AI-native risk orchestration
Automate intake, assessments, and contract reviews with workflows mapped to your policies, your control sets, and the frameworks examiners hold you to.
Built around interagency guidance
Line planning, due diligence, and monitoring up with the 2023 Interagency Guidance on third-party relationships, so your process matches what the OCC, FDIC, and Fed look for.
Faster procurement, fewer gaps
Cut cycle times from supplier request to signed contract while keeping every approval, exception, and control inside one record.
Continuous oversight
Track suppliers across financial, security, compliance, and reputational risk in real time, and catch problems before they reach an exam.
Audit-ready by design
Every action, document, and approval is captured and traceable, so prepping for an exam means pulling a report, not rebuilding history.
Security & Privacy Program Highlights
We follow rigorous security practices and partner with independent experts to validate our approach. Our program is built to not only meet industry standards, but to exceed them.
Run vendor risk the way examiners expect
Banks rarely fail exams for lack of policy. They fail because the evidence is scattered. Coverbase keeps the work and the proof in one place.
Exam-ready evidence
Pull a complete, time-stamped record of diligence and monitoring for any vendor on demand.
Connects to core systems
Integrate with core banking, ERP, and GRC tools without ripping out what already works.
Concentration and nth-party visibility
See where you are concentrated and which fourth parties sit behind your critical vendors.
Controls that match your policy
Configure assessments around your own control library, not a generic template.
Confidently manage procurement and risk in one platform
Speed with control
Automate procurement from intake to assessment to contract with built-in guardrails that preserve policy integrity.
Explain with confidence
AI provides traceable reasoning for every recommendation, so you can defend every risk rating, approval, and exception.
Automate with assurance
Launch new workflows, adapt controls, and meet regulatory changes in minutes, not months, without breaking compliance.
Building Trust, Together
Some of the world's most innovative and security conscious enterprises trust us to safeguard their data. We see security and privacy not as checkboxes, but as an ongoing promise to our customers. For questions about our security program or to report a vulnerability, please contact us at security@coverbase.ai