The Monetary Authority of Singapore's Updated Guidelines on Outsourcing: New Opportunities for Service Providers

The Monetary Authority of Singapore's Updated Guidelines on Outsourcing: New Opportunities for Service Providers

This IDC Insight document delves into the Guidelines on Outsourcing issued by the MAS at the end of July 2016 for FIs. This document provides an assessment of how the guidelines open up new opportunities for SPs (both outsourcers and cloud SPs). IDC believes that the provisions contained within the document will simplify data residency requirements, provide a greater choice to Singapore FIs with regard to their IT consumption, and generally reduce the cost of doing business. IDC expects global outsourcing services and cloud providers to benefit most from the updated guidelines.

Please Note: Extended description available upon request.


IDC Opinion
In This Insight
Situation Overview
Tricky Navigation on the Data Expressway
The MAS Guidelines on Outsourcing: Under the Hood
Emphasis on Risk Management
Updated Definition of "Customer Information" and Potential Implications
Future Outlook
Essential Guidance

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