Support
Relying
Implementation
The
Experience
Total
REGULATORY COMPLIANCE New technology
comply with all relevant laws and regulations (DoddFrank Act in the U.S., GDPR in the EU, etc.). This includes regulations related to credit scoring, data protection, and antimoney laundering.
VENDOR RISK MANAGEMENT Ensure that any risks associated with thirdparty vendors are managed, including their compliance with industry regulations, their financial
securely handle and store sensitive personal and financial data, protect against data breaches, and ensure customer privacy.
OPERATIONAL INTEGRATION AND COMPLIANCE New technology must integrate seamlessly with your existing systems while adhering to your operational compliance requirements. This includes compatibility with legacy systems, and adherence to internal policies and procedures.
MODEL RISK MANAGEMENT Financial institutions have to manage the risk associated with the use of statistical models in decisionmaking. This includes ensuring the accuracy, validity, and performance of your models over time, and compliance with guidelines like SR 11-7 in the U.S.
CROSS-BORDER COMPLIANCE If you operate internationally, the technology must comply with the laws and regulations of all jurisdictions in which you operate, which can be complex and varied.
