Republic Bank of Chicago Partners with Kobalt Labs to Modernize Third-Party Risk and Compliance Oversight

▤ Summary

Republic Bank of Chicago selected Kobalt Labs to modernize third-party risk and compliance oversight. The bank plans to replace its current vendor management software and automate annual policy reviews, then expand into fintech partner diligence and marketing collateral review. Kobalt expects the deployment to cut cycle times by up to 80% while improving consistency and documentation. The rollout will also cover vendor onboarding, ongoing monitoring, and risk memo generation across compliance, financial, and information security areas. The platform is scheduled to go live in summer 2026.

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