Supplier Diversity Program
Fi-Tek believes strong supplier relationships, responsible procurement practices, and support for diverse businesses are essential to long-term success and stakeholder trust.
Inclusion. Diversity. Responsible Procurement. Vendor Governance.
Building Trust Through Responsible Supplier Relationships
As a technology partner to financial institutions, Fi-Tek recognizes that supplier selection plays a critical role in maintaining operational excellence, regulatory alignment, and stakeholder confidence. Our procurement approach is grounded in integrity, accountability, transparency, and professional conduct.
Program Purpose
The Supplier Diversity Program supports Fi-Tek's commitment to identifying qualified suppliers, maintaining service excellence, and creating opportunities for diverse businesses within the communities we serve.
Inclusive Procurement
Expand qualified supplier participation through fair and transparent sourcing practices.
Business Excellence
Maintain service quality, reliability, and accountability across vendor engagements.
Community Engagement
Create meaningful opportunities for diverse businesses in the markets we serve.
Long-Term Partnerships
Build durable supplier relationships aligned to shared standards and outcomes.
Third-Party Risk Management (TPRM)
Supplier selection is governed through Fi-Tek's comprehensive risk management framework designed to support operational resilience and client requirements.
Vendor Risk Assessment
Evaluate operational, security, and service-delivery risk posture.
RFP Evaluation
Apply transparent and structured evaluation criteria across sourcing events.
Regulatory Alignment
Support compliance and governance expectations for regulated environments.
Client-Driven Requirements
Address client standards, controls, and supplier qualification mandates.
MWDBE Identification Process
Maintain structured methods for identifying qualified diverse suppliers.
Annual Reporting and Oversight
Track outcomes and strengthen governance through recurring review cycles.
Supporting Diverse Supplier Relationships
Supplier strategy includes both critical providers and broader opportunity development.
Large Critical & Client-Directed Suppliers
Support highly specialized providers while evaluating supplier diversity commitments throughout the procurement process.
Smaller and Optional Suppliers
Actively seek opportunities to engage qualified MWDBE businesses across legal, human resources, consulting, and supporting business services.
Leadership Commitment
The Supplier Diversity Program is led by senior management with executive visibility and oversight.
Executive Sponsorship
Program direction and governance leadership from senior sponsors.
CEO Support
Visible executive advocacy for inclusive and responsible supplier engagement.
Management Committee Leadership
Cross-functional steering to align procurement with enterprise goals.
Board Visibility
Program awareness supported through governance-level transparency.
Cross-Functional Participation
Collaboration across legal, risk, finance, operations, and delivery teams.
Program Objectives
Clear objectives guide policy execution and supplier ecosystem outcomes.
Promote Supplier Diversity
Encourage broader participation of qualified diverse suppliers.
Expand Opportunities
Increase engagement with MWDBE businesses.
Strengthen Procurement Practices
Embed diversity considerations into vendor evaluation processes.
Drive Long-Term Value
Create mutually beneficial supplier relationships.
Evaluation and Continuous Improvement
Fi-Tek measures program success by exceeding stakeholder expectations while increasing supplier diversity participation and supporting the growth of diverse businesses.
Committed to Inclusive Supplier Partnerships
Fi-Tek continues to strengthen its supplier ecosystem through responsible procurement, strong governance, and meaningful engagement with diverse businesses.