KYC/AML & RegTech - G: Vendor Prompt
Prompt
You are evaluating [VENDOR/SERVICE PROVIDER] for [SERVICE AREA]. [PASTE: VENDOR DATA - capabilities, track record, pricing, references]. Evaluate: 1) Capability Assessment (can they deliver?), 2) Financial Strength (will they stay in business?), 3) References & Track Record (what do other clients say?), 4) Compliance & Controls (regulatory requirements met?), 5) Pricing & Commercial Terms (fair market? Competitive?), 6) Transition & Implementation Plan (how long, what risks?), 7) Recommendation with conditions. Format: vendor evaluation memo with scorecard.
Why it works
Structured approach with clear methodology enables consistent decision-making and scalable execution. Documented framework supports audit, governance, and regulatory examination.
Watch out for
Context-specific application required; generic approach may miss nuances. External constraints and market conditions may limit control. Model predictions require human validation and override capability.
Used by
Finance TeamsExecutives