Outsourcing to the “Cloud” with Adviser Cloud and compliance in mind

Cloud based IFA software needs to be accountable, manage risk and offer paramount data security, the guidance in the recently published FCA guidelines shed some light further on this. If you haven’t seen them yet, you can view the published guidelines here.

“The use of outsourcing to the cloud and other third party IT services can have a positive impact on competition in financial services, in so far as they can facilitate entry and/or expansion, and increase the ability of financial services providers, overall, to renew their IT systems in a more efficient manner.”

Adviser Cloud have compiled a Compliance Portfolio, that provides all the relevant information for key areas mentioned like Risk Management, Change Management, Data Security, relevant ISO certification, Data Policies, Development Practices, QandA, etc.

Download Adviser Cloud’s compliance portfolio.