7 Elements of an Effective Third-Party Risk Management and Governance Framework for Financial Services Providers
The increasing complexity of functions in the financial services sector necessitates specialization. This, in turn, has given rise to large-scale outsourcing and partnering by banking, insurance, and financial service providers to a growing number of third parties. According to the 2021 World Retail Banking Report, banks are rethinking IT spending priorities by outsourcing up to […]