Direction on Outsourcing of Information Technology Services Conclusion Contributors 3 3 3 4 15 15 WH I TE P AP ER | 2 VMware Cloud on AWS Introduction In April 2023, the Reserve Bank of India (RBI) published the guidelines for regulated entities (RE) on managing...
Additionally, banks can only enter into DLG agreements with LSPs or other banks incorporated as companies under the Companies Act 2013 and with whom they’ve also entered into outsourcing agreements. What should Banks & Fintech Firms Know About RBI’s FDLG Here are the key takeaways for regula...
Any non-compliance discovered in a TSP will likely have an adverse effect on an FIU, he noted. The RBI does not regulate TSPs directly, they “get covered under the outsourcing arrangement that each of the regulators have for their regulated entities,” Singh mentioned. ...
Finance is often seen as complex and dry, but we believe it doesn’t have to be. At JokesAndStocks.com, we infuse humor into the world of finance, economics, insurance, and investments. Our mission is to make learning about finance as enjoyable and memorable as possible....