Financial services institutions (FSIs) around the world are increasingly relying on third-party service providers for delivering business-critical services. While such outsourcing of tasks helps to cut down costs and enhance competitiveness, it exposes FSIs to third-party risks. So, it doesn’t come as a surprise that financial regulators are paying closer attention to organizations’ third-party governance programs.
This paper, created jointly by MetricStream and Infosys, discusses why third-party risk management is becoming increasingly relevant to FSIs, especially in the post-COVID era.
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