Beyond Outsourcing – Elevate agility over broader Third Party Risk Management

April 2024

In today’s digitalisation landscape, banks embrace more third party engagements to achieve straight through transactions and enhance customer experience. While these partnerships are vital for business success, they also introduce new risks that banks must address.

In the wake of recent events, a concerning surge in third-party incidents has emerged affecting numerous bank services across the world. The reverberating consequences of these breaches have underscored the urgent need for institutions to rethink Third Party Risk Management in their organisations.

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James Tam

Banking and Capital Markets Leader, PwC Hong Kong

Tel: +[852] 2289 2706

Gary Ng

Partner, PwC Hong Kong

Tel: +[852] 2289 2967

Karen Wong

Partner, PwC Hong Kong

Tel: +[852] 2289 2571

Ho Kee Fu

Partner, PwC Hong Kong

Tel: +[852] 2289 2721

Ross Xiao

Partner, PwC Hong Kong

Tel: +[852] 2289 8425

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