TITLE

BITS Offers Outsourcing Report Card

AUTHOR(S)
Fest, Glen
PUB. DATE
February 2006
SOURCE
Bank Technology News;Feb2006, Vol. 19 Issue 2, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that a consortium of banks and information technology (IT) service providers led by BITS will launch a program called BITS Financial Institution Shared Assessment Program, which will have banks collecting and pooling information from providers about security policies, corporate stability and controls and processes. The aim is to create standardized IT outsourcer risk-management assessments to aid banks in shopping for vendors. Six major national banks and several major providers have signed on to the program.
ACCESSION #
20034566

 

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