SBP allows financial institutions to outsource cloud-based services

KARACHI: The State Bank of Pakistan (SBP) on Monday allowed financial institutions to outsource hosting on the cloud to both domestic and international cloud service providers.  In Circular No. 04 of 2020 issued by the Banking, Policy and Regulations, the SBP said financial institutions, defined as banks, microfinance banks and development finance institutions (DFIs), can […]

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