Zycus and EBA Guidelines on Outsourcing
What is EBA and what are its objectives?
The EBA Guideline is set out on the internal governance arrangements to outsource internal services, activities, and functions.
The objective of this set of guidelines is to harmonize financial institutions in Europe, with one set of rules for all outsourcing arrangements with third party service providers or intra-group.
Who does it apply to?
Credit institutions
Investment firm, with permission to hold client money or deal on their own account.
Payment and electronic money institutions
Payment and electronic money institutions
Central Repository
- Store, view, monitor, and analyze data from multiple sources
- Detailed on-demand reports
Real-time alerts
- Notifications for suspicious activity taking place in Zycus’ environment
360 Degree Auditing
- System to ensure the integrity, confidentiality, and security of user data