IT Examiner School - Oct 2023

Internal Use Only

Module Objectives

1. Describe the Benefits and Risks Associated with Outsourcing Technology Services

2. Discuss the Components of Comprehensive Third-Party (Vendor) Risk Management Program

3

Internal Use Only

Outsourcing Technology Services Examples: • The origination, processing, and settlement of payments and financial transactions; • Information processing related to customer account creation and maintenance; • Other information and transaction processing activities that support critical banking functions

4