Abstract: Systems, computer program products, and methods are described herein for assessing entity strategic impact using aggregated data sources. The method includes receiving at least one strategic impact indicator from each of at least two strategic impact data sources. The at least one strategic impact indicator relates to an entity strategic impact of an entity. The method also includes determining, via a machine learning model, a strategic impact confidence level for the entity. The strategic impact confidence level indicates a likelihood of an emerging strategic impact relating to the entity. The method further includes generating a strategic impact assessment report. The strategic impact assessment report indicates at least the strategic impact confidence level for the entity. The strategic impact assessment report also includes a strategic impact alert in an instance in which the strategic impact confidence level is below a threshold strategic impact level.

Abstract: Assessing risks arising from relationships with third-parties that support the operations or strategic goals of an organization, such as a bank, are provided. A risk assessment system receives risk assessment values respectively corresponding to the likelihood, severity, and control for a risk item associated with a third-party relationship. The risk assessment system then determines a risk priority value for the risk item based on the risk assessment values. The risk assessment system may prioritize multiple risk items according to their respective risk priority values, risk categories, or both. In some arrangements, the risk assessment system may identify a risk item for additional risk mitigation and determine a risk mitigation action plan for the identified risk item.