About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Cloud Industry Forum Joins Third Party Assurance Initiative

Subscribe to our newsletter

The Cloud Industry Forum (CIF) today announced it has partnered with the Third Party Assurance Centre (TPAC), a business assurance initiative, formed to help minimise outsourcing risks. Other industry bodies partnering with TPAC include the Information Security Forum, Cloud Security Alliance, Common Assurance Maturity Model, and the Payment Card Industry board of advisers.

A recent whitepaper collectively produced by these industry bodies entitled, “Business Assurance for the 21st Century,” highlights that third parties managing data should be asked questions about the security systems they have in place and the standards they adhere to. TPAC aims to combat security risks faced by organisations that manage third-party suppliers by introducing transparency into the supply chain.

Raj Samani, founder of the Common Assurance Maturity Model (CAMM), and chief technology officer Europe, Middle East and Africa for security firm McAfee, commented: “Organisations should create contracts which outline the level of security that they expect from their third parties, whether data is being managed in the cloud or on-premise. This way, when organisations get tenders for business coming through, they are assured that third parties are transparent about risk levels. Transparency is heavily encouraged by CIF as are contracts. We are delighted they are coming on board with TPAC to advocate best practice across the wider IT sector.”

Andy Burton, chairman of the Cloud Industry Forum commented: “CIF fully supports the initiative of providing a third party assurance framework to help establish trust online, and we see this as complementary to the CIF Code of Practice which was launched in 2010 to engender best practice within the Cloud Service Provider market by requiring Certification against the inter-dependent pillars of Transparency, Accountability and Capability. Both the CIF Code of Practice and the Third Party Assurance initiative have a common aim of providing end users with a frame of reference to make informed decisions in their use of online services. To that end we are keen to work alongside our industry peers to see if we can help make this a reality.”

A website will shortly be launched for the initiative under the following url: www.the-third-party-assurance-centre.com.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

The Year in Data: 2025’s Biggest Trends and Developments

The past 12 months saw breakneck developments in how firms applied artificial intelligence. AI began to change from a mere tool to an integral part of capital markets operations. The year also saw data services providers launch multiple products for the growing private markets investment sector. Data Management Insight spoke to leaders in our industry...

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

The Trading Regulations Handbook

Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology...