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NCC Group: Achieve Compliance with IT Outsourcing Regulation in the Finance Sector

This is the ultimate handbook for Financial Services Organisations looking to overcome the challenges associated with IT outsourcing regulatory compliance.

Our guide provides a comprehensive analysis of the regulatory requirements European Financial Institutions will need to comply with when outsourcing technology, as published by the European Banking Authority (EBA). 

Introduction

As Financial Services organisations strive to meet greater customer expectations, many are collaborating with third-party technology providers to implement business-critical software applications. However, with third-party failures being the second most common cause of incidents in the Financial Services sector, it’s unsurprising that outsourcing and the wider use of third-parties is a priority focus area for regulating authorities.

The volume of regulation, speed of innovation and diverse business types within the finance sector can make meeting these regulations a continuous challenge for both firms and third parties. But by understanding which regulations affect IT outsourcing and third-party risk management (listed in this whitepaper), all parties can prepare themselves for any potential disruption and show their dedication to providing an uninterrupted service. This guide explores the risks of IT outsourcing and provides financial services organisations with an overview of the regulatory requirements they need to comply with when outsourcing technology, as published by the European Banking Association (EBA).

Download the guide here.

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