One of the biggest challenges that Senior IT Management of financial institutions and retail companies face today is how to plan for the fast changing regulatory environment and to ensure that technology investments can be judiciously leveraged to support enterprise wide compliance.
Each regulation is unique and brings with it a new set of requirements that the IT team needs to be able to baseline, understand, analyse and assess the associated impact on the technology landscape. Things get further complicated when there are a number of different regulatory directives that need addressing at the same time but have differing impacts on the technology systems. Some of the questions we usually get asked are :
· Do these need to be dealt with as separate initiatives or are there fundamentally common approaches to dealing with them in cohesion?
· Is the organizational Enterprise and/or Data Architecture fungible enough to support the Security or data processing capabilities required to meet the regulatory requirement?
· Which technology paradigms and vendor platforms are most suitable to support the compliance initiative?
We draw upon the expertise of our highly experienced consultants and specialized partners to help you better understand the impact of the regulatory change on your technology portfolio and provide you practical and pointed advise on how to address these questions
We have also come across a number of organizations who have tried to implement compliance programs or solutions which have run into problems and have constrained their ability in meeting the regulatory requirements. Based on our extensive experience, we offer a no-frills validation and remediation advisory service which can help our clients very quickly get back on track and help the business meet the compliance deadlines.