Financial & Insurance Services

Driving Supplier Inclusion in a Regulated, Risk-Conscious Industry

Global shifts in expectations, behaviours, and regulatory pressures are reshaping how FIs and Insurance providers operate. We support this transformation by enabling stronger supplier networks. Through these partnerships, we help clients build a more resilient, inclusive, and future-ready financial and insurance services industry.

Strengthening Third-Party Oversight in a Regulated, Reputation-Driven Sector

Financial institutions and insurers often depend on extensive vendor networks—from IT and consulting to marketing and facilities—but face growing pressure to ensure security, compliance, and accountability. Legacy procurement systems and siloed oversight make it difficult to monitor supplier performance, respond to regulatory changes, or align with evolving ESG and DEI expectations.

We help procurement and risk leaders bring structure, transparency, and strategic value to their supplier ecosystems. With sharper data, stronger governance frameworks, and more inclusive sourcing strategies, firms can reduce exposure, meet compliance requirements, and unlock innovation from often-overlooked partners. The result: smarter vendor decisions, stronger reputational safeguards, and measurable business impact.

250+
enterprise sourcing and supplier engagement projects completed, covering regulated industries, ESG-aligned priorities, and critical category needs.
$3.2B+
in cumulative spend influenced, spanning ESG-aligned sourcing, supplier diversity, and high-priority category procurement across enterprise clients.
20+
countries engaged through sourcing and program delivery, connecting enterprises with regional supplier ecosystems and compliance-ready partners.

Sub-Sectors We Support Within This Industry

Galloway & Pierce supports supplier-side execution across the financial services sector, including:

Retail & Commercial Banking
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Insurance Providers (Life, Health, General)
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Superannuation & Investment Funds
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Mutuals, Credit Unions & Fintechs
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Professioanl Services
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How We Support Financial & Insurance Services

Procurement teams in this sector need absolute confidence that every vendor meets strict compliance and security standards. Our work strengthens supplier networks so institutions can engage partners without delays or regulatory risk.

Supplier Discovery & Qualification

Institutions need partners that can meet strict standards for security, compliance, and service delivery. Careful qualification reduces sourcing cycles and gives procurement teams confidence in vendor selection.

Verified Supplier Pool Management

A maintained pool of pre-approved suppliers ensures access to reliable options when new projects arise. Regular updates on certifications and performance records keep the supplier base current and dependable.

Back-End Reporting & Regulatory Support

Financial services face heavy reporting obligations across regulatory, ESG, and audit requirements. Clear, accurate outputs help demonstrate compliance and provide assurance to both regulators and stakeholders.

Supplier Readiness Coaching

Vendors often require guidance to meet the high compliance and data security benchmarks of the sector. Practical support broadens the available supplier pool while reducing onboarding delays.

Supporting Partner Decisions Across Project Lifecycles & Industries

We support procurement and program leaders in sourcing, preparing, and tracking suppliers across industries. Speak with our sector lead to explore how our team can assist on your next project.

What challenges can we solve In your Industry?

Construction

We help firms and project owners meet local participation targets, navigate union and identify suppliers who can reliably support trades, safety, and site services.

Health & Life Sciences

We support healthcare systems, biopharma, and medtech firms in expanding their supplier base across regulated and high-compliance categories.

Government & Public

We help government agencies,  contractors, and institutions fulfill small business and socioeconomic contracting goals while reducing audit exposure and vendor risk.

Utilities & Enviornmental

We assist utility providers in identifying reliable subcontractors, field service providers, and vendors who meet safety, insurance, and geographic requirements.

Financial Services

We work with banks, insurers, and asset managers to diversify sourcing while maintaining regulatory compliance and internal control standards.

Transport & Logistics

We help logistics providers and transport operators expand their networks across maintenance, freight handling, technology, and on-the-ground services.

Expertise and Firmwide Resources

At Galloway & Pierce, we bring deep expertise across supplier diversity, sourcing, ESG procurement, and risk management. Our team operates as a consultative extension to our clients — advising on strategy, supplier qualification and compliance.

With sector fluency spanning multiple industries, we tailor our approach to reflect the nuances of each vertical we support. Powered by firmwide infrastructure that blends proprietary systems, adivsory depth, delivery protocols, and integrated data sources, we strive to eliminate friction in supplier engagement, reduce administrative burden, and improve the consistency and impact of sourcing outcomes.

View Our Approach
FAQs
What types of supplier verification do you provide?
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How do you work alongside our procurement team?
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Can you handle industry-specific compliance requirements?
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How do you ensure supplier information stays current?
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What happens if a supplier fails verification?
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Do you provide ongoing reporting after suppliers are onboarded?
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How do you price your services?
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Can you integrate with our existing platforms?
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For service inquiries, partnership discussions, or to request a capabilities briefing, please complete the form below. We look forward to learning more about your priorities and how we can support your goals.

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