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Technology service provider

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Definition Edit

Financial institutions Edit

Technology service providers

encompass a broad range of entities including but not limited to affiliated entities, nonaffiliated entities, and alliances of companies providing products and services. This may include but is not limited to: core processing; information and transaction processing and settlement activities that support banking functions such as lending, deposit-taking, funds transfer, fiduciary, or trading activities; Internet related services; security monitoring; systems development and maintenance; aggregation services; digital certification services, and call centers.[1]

References Edit

  1. Risk Management of Technology Outsourcing, at 1 n.2.

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