Relieve the burden of compliance without compromising business agility
The revised European Banking Authority or EBA Guidelines on Outsourcing came into effect on September 30th of 2019. They update former guidelines on the subject from 2006 and specifications on cloud services outsourcing from 2017.
They apply to a broader audience than the previous rules: now including not only banks but also credit institutions, investment firms, electronic money institutions and payment providers, all of whom must abide by these guidelines.
We have a strong partnership with Ivalua and continue to generate value. With Ivalua we have achieved 100% digitization across all procurement processes and have been able capture a tremendous amount of savings.Read Case Study