Contract negotiation tops tech sovereignty for banks in Asia
Regulatory pressure is rising, but industry still focused on service agreements with third parties
Financial institutions in Asia still see contract negotiation and vendor due diligence as the most important ways to manage third-party risk, despite growing regulatory focus on concentration risk and technology sovereignty.
“[While] geopolitical risk may also be a consideration, contractual terms are key to ensuring you mitigate material risks – for example, ensuring data security and the right to
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