Original Source: Monetary Authority of Singapore 

“The advancement of information technology (“IT”) has brought about rapid changes to the way businesses and operations are being conducted in the financial industry. IT is no longer a support function within a financial institution (“FI”) but a key enabler for business strategies including reaching out to and meeting customer needs.

Financial systems and networks supporting FIs’ business operations have also grown in scope and complexity over the years. FIs offering a diversity of products and services could have their financial systems operating in multiple locations and supported by different service providers…”

Contributors: Open Source
Categories: SIG U Resource, Whitepaper
SRC Type: Risk Management, Sourcing Management, Third Party Management