With financial institutions having to adapt to new regulatory frameworks, like the European Banking Authority (EBA) guidelines for outsourcing within the financial sector, the topic has gained traction as more and more financial institutions opt for it, especially in the Nordic region, which covers countries such as Sweden, Finland, Norway, and Denmark.
In this blog post, we’ll explore the meaning of EBA outsourcing, its importance, and how financial companies can comply with such guidelines to be compliant and efficient in their operations.