Bank Information Security Compliance Introduction Bank IT audit units have established a requirement for audit to perform an independent and objective assessment of the organization’s capabilities to manage the associated risks in response to the growing threat of cyberattacks. Due to the quick development of information technology (IT), several
E-Sign ASP Compliance Audit Introduction Any vendor that offers software that will include data but is maintained and operated in the vendor’s data Centre and is not under the control or security of information technology, is considered an application service provider. This includes third party software and services vendors.
NPCI UPI Compliance Audit Introduction The National Payments Corporation of India (NPCI) developed the Unified Payments Interface (UPI), an immediate real-time payment system, to streamline interbank transactions. The interface, which is governed by the RBI, allows for the immediate transfer of money between two bank accounts via a mobile
GST Suvidha Provider Compliance Audit Introduction GST Suvidha Provider is referred to as GSP. A GSP is a service provider that uses its online platform to assist the taxpayer in adhering to the GST law’s requirements. The returns submitted by businesses using GST Suvidha Provider will be received by
RBI PSS Compliance Audit Introduction Issues concerning the security of consumer data and the accountability of the service providers responsible for facilitating such transactions have grown significantly with the rising popularity of cashless transactions. Hence, the Reserve Bank of India has established a framework for the payment system providers
RBI PPI Compliance Audit Introduction The digital ways of transactions, particularly e-wallet services, have gained momentum with the invention of the digitization of payment methods in India. how utilising these internet payment methods for regular people became riskier. For consumers to make payments using the correct risk-free transaction techniques,
RBI NBFC P2P Compliance Audit Introduction Peer-to-peer lending, or P2P lending, is the practice of lending money to people or businesses through online services that connect lenders with borrowers. On August 24, 2017, the RBI issued a Notification that every Non-Banking Financial Company that conducts business with P2P platforms
RBI NBFC Compliance Audit Introduction The RBI has issued master guidelines and instructions for non-banking financial services companies to identify and address operational risks and weaknesses. The desire and necessity for reducing the cyber dangers resulting from the increasing technology adopted by big organizations is the key driver behind
RBI NBFC AA Compliance Audit Introduction Account aggregation, often referred to as financial data aggregation, is a process that involves gathering data from several accounts, such as investment accounts, bank accounts, credit card accounts, and other corporate or consumer accounts, and putting it in one location. In 2016, RBI unveiled
GDPR Compliance Audit Introduction The General Data Protection Regulation (GDPR) is a data privacy law that primarily protects the data of EU individuals, regardless of where and by whom it is held worldwide. All this information is regarded as “personal data” under the GDPR because it can be used
