PRA Cloud Outsourcing Guidance

In a SaaS environment, security, data, and the infrastructure are all outside of the financial institution’s control. Cloud Escrow arrangements enable PRA-regulated firms to rebuild the production environment of its third-party provider’s SaaS application and restore critical data quickly and efficiently.

PRA cloud outsourcing guidance

• Implement a business continuity plan for third-party SaaS applications that enables firms to anticipate, withstand, respond to, and recover from severe but plausible operational disruption.
• Document and test a stressed exit plan third-party SaaS applications that enables firms to bring data, function, or service back in-house or transfer to an alternative back-up service provider.

Download the guide to learn more about the PRAs cloud outsourcing guidance and how SaaS Escrow solutions ensure compliance.

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