![]() Many financial institutions enter into third-party relationships by outsourcing certain operational functions to a third party or by using a third party to make products and services available that the institution does not originate. PANEL PRESENTATIONS: Setting and Implementing Third-Party Standards and Best Practices in the Financial Sector with respect to information technology. ![]() Zafer Mustafaoglu, Practice Manager, Financial, Competitiveness and Innovation, East Asia and Pacific Thaib Mustafa (Chief Operating Officer, FNS Value, Republic of Korea) Identity & Access Management for Digital Financial Services. Powered by Blockchain Secure Authentication (BSA).Chris Yao (Deputy Director, Technology and Cyber Risk Supervision Department, Monetary Authority of Singapore).Pinyo Treepetcharaporn (Director, Technology Risk Supervision Department, Bank of Thailand).Moderator: Harish Natarajan (Lead Financial Sector Specialist, Financial Infrastructure, Finance, Competitiveness & Innovation, World Bank Group) Opening Remarks: Zafer Mustafaoglu (Practice Manager, Financial, Competitiveness and Innovation, East Asia and Pacific, World Bank Group) A Korean Fintech IT service provider, FNS Value, to financial and non-financial institutions will share the Korean perspective on mitigating third-party risks in cybersecurity and implementing third-party best practices in Korea’s financial and non-financial sector. Furthermore, the webinar will hear from a third-party service provider of products and services to the financial sector to ensure that there are not wittingly or unwittingly used as an entry point to a cyber-attack. In this regard, two perspectives will be heard from the Bank of Thailand and Monetary Authority of Singapore on setting and implementing third-party standards and best practices in the financial sector with respect to information technology. The webinar will also address fintech-related issues, which are increasingly important as fintech firms participate as third-party service providers and as more financial players expand into the digital spaces. The webinar aims to discuss in depth the main challenges in the end-to-end cyber security governance, personal data protection, regulatory compliance, new technologies deployment with a focus on securing an effective third-party and vendor risk framework. Following the successful cybersecurity webinars of December 2021 and February 2022, we are pleased to announce a webinar focusing on Third Party risks in cybersecurity and the financial sector. With the increased amount of cyber security incidents and the level of vulnerability across the end-to-end supply networks, Information Technology risk management and security turn to be vital for financial and non-financial sector institutions to operate sustainably and to be trusted by customers.
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