Third-Party Risk Intelligence Platform

PROCUREMENT OVERVIEW

Export Development Canada (EDC) is seeking proposals for a Third-Party Risk Intelligence Platform (the "Platform") to enhance its Third-Party Risk Management (TPRM) activities. The primary objective is to obtain quantitative and qualitative intelligence, including GenAI-enabled capabilities, to identify, assess, and monitor risks associated with third parties throughout the engagement lifecycle. Currently, EDC lacks a dedicated platform to provide objective intelligence that complements internal assessments and questionnaires. The desired solution should deliver risk scores, evidence, and insights from reputable data sources, enabling rapid identification of emerging risks and changes in third-party risk posture. The platform will integrate with EDC's existing enterprise workflow for TPRM, although the supplier is not required to implement the ServiceNow integration directly.

ISSUING ORGANIZATION

Export Development Canada (EDC)
Location: Ottawa, Ontario, Canada
Primary Contact: Stephen Marin
Email: [email protected]

MANDATORY REQUIREMENTS

• Bidders must demonstrate the capability to provide a platform that integrates risk intelligence outputs into EDC's existing TPRM workflow.
• Bidders should have experience in delivering similar risk intelligence solutions.
• No specific certifications, security clearances, or geographic restrictions are mentioned.

TECHNICAL CAPABILITIES

• Proficiency in developing or providing risk intelligence platforms.
• Capability to offer GenAI-enabled features.
• Experience in sourcing data from reputable public, government, academic, and commercial datasets.
• Ability to support integration-ready capabilities for EDC’s existing systems.

DELIVERABLES AND PERFORMANCE STANDARDS

• The platform must provide risk scores, evidence, and insights on third-party risks.
• Ongoing support for the integration of risk intelligence outputs into EDC’s TPRM workflow.
• Regular updates on emerging risks and changes in third-party risk posture.

PREFERRED QUALIFICATIONS

• Experience with similar projects in the financial or governmental sectors.
• Familiarity with risk management frameworks and standards.
• Advanced capabilities in data analytics and artificial intelligence.

This summary provides a comprehensive overview of the RFP for potential bidders to assess their fit for the opportunity. Bidders should ensure they meet the mandatory requirements and consider the preferred qualifications to enhance their proposal's competitiveness.