Is Outsourcing IT Worth the Compliance Risk?
While the feds have certainly put hurdles in place to prevent abuse, outsourcing IT in a highly regulated industry like banking may very well lead to higher standards and quality outcomes, writes Bruce Harpham for CIO.
“Banking has changed since the global financial crisis in 2008. The steady increase in regulations from Washington, the states and international organizations are now impacting IT leaders,” he writes in the article. “As regulators examine vendor relationships and outsourcing arrangements more closely, there is a significant risk that poorly managed IT could trigger an audit finding, a fine or negative publicity.”
The article discusses some risks to manage as IT leaders plan to review and renew IT service providers in 2016.
