Sunday, May 26, 2024

BaFin wants on outsourcing risks

By DAC000 , in Fintech Regulation Risk , at January 24, 2024 Tags: ,

Specifically too much is being outsourced by too many Financial Institutions to too few service providers. About a one minute read.

Comment: I used to manage an outsourced team at a large Dutch bank that shall go unnamed; yes, they do try to create and maintain firewalls so European privacy regulations are respected. No, they don’t alway work. So this report isn’t really a surprise.