RBI Outsourcing Compliance for Third-Party Risk Management

Automated service provider due diligence, Material Outsourcing Arrangement (MOS) management, and continuous compliance for RBI-regulated entities.

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RBI Outsourcing Guidelines Compliance with ComplyScore®

The Reserve Bank of India's Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services mandate comprehensive third-party risk management for banks, NBFCs, payment system operators, and RBI-regulated entities. The guidelines require Board-level oversight of material outsourcing arrangements, thorough service provider due diligence, continuous monitoring, concentration risk management, and regulatory reporting.

ComplyScore® automates RBI outsourcing compliance with material outsourcing assessments, service provider due diligence workflows, concentration risk analysis, data localization tracking, and audit-ready documentation satisfying RBI supervisory expectations.

How ComplyScore® Accelerates RBI Outsourcing Compliance

Material Outsourcing Arrangement (MOS) Due Diligence

RBI guidelines require regulated entities to conduct comprehensive due diligence before entering Material Outsourcing Arrangements and maintain ongoing oversight throughout the relationship.

Automated MOS assessments evaluating operational resilience, security, and business continuity
Risk-based classification identifying Material vs. Non-Material arrangements per RBI criteria
Pre-outsourcing due diligence documentation proving systematic risk assessment
Complete audit trails for RBI inspections demonstrating MOS oversight

Board and Senior Management Oversight

RBI mandates Board approval for Material Outsourcing Arrangements and Senior Management Committee oversight of outsourcing risk management frameworks.

Approval workflows routing MOS arrangements to Board and Senior Management
Board reporting capabilities summarizing outsourcing risk exposures
Documentation proving Board approval before MOS execution per RBI guidelines

Concentration Risk Management

RBI guidelines require identification and management of concentration risk arising from dependencies on single service providers or service provider groups.

Automated concentration risk analysis across outsourcing relationships
Service provider dependency mapping identifying critical service concentrations
Alternative provider assessments supporting exit strategy requirements

Continuous Monitoring and Audit Rights

RBI requires continuous monitoring of service provider performance, audit rights in outsourcing contracts, and periodic audits validating control effectiveness.

Real-time service provider performance monitoring and incident tracking
Continuous security posture tracking across processing relationships
Evidence repository documenting audit findings and remediation activities

Built for RBI-Regulated Entity Requirements

ComplyScore® integrates with banking and financial services infrastructure supporting RBI compliance.

Every service provider assessment includes complete audit trails with RBI guideline mappings, Board approval documentation, and ongoing monitoring records. Support for other Indian regulations including DPDP Act, IT Act provisions, and sectoral guidelines means one platform handles multi-framework compliance.

Connects across your GRC and ISMS tools

Core Banking: Finacle, Flexcube, Temenos for service provider master data integration
GRC Platforms: ServiceNow, Archer, LogicGate for risk and compliance workflows
Risk Intelligence: Dun & Bradstreet, CRISIL, ICRA for financial stability monitoring
Compliance Tools: Integration with regulatory reporting and MIS platforms

Results Organizations Achieve with ComplyScore

4-6X

faster vendor onboarding

90%+

vendor coverage

40%

reduction in audit prep

Continuous

compliance monitoring