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The proposed standards emphasize a stronger corporategovernance and include an over-arching requirement for these banks to adopt the Three Lines Model. They set policies, standards, and procedures, conduct risk assessments, and ensure that the first line complies with applicable laws, regulations, and internal policies.
Without proper oversight, sanctioned and unsanctioned SaaS applications can leave sensitive business information exposed. When backups of sanctioned SaaS applications do exist, overlooked SaaS data often goes unprotected. Shadow IT and shadow AI remain a major source of headaches for IT teams. That starts with immutable storage.
Description: LogicGate Risk Cloud is a cloud-based platform offering a suite of risk management applications that transform how businesses manage their governance, risk, and compliance processes through a combination of expert-level content and service and no-code technology. Platform: ServiceNow Governance, Risk, and Compliance.
The proposed standards emphasize a stronger corporategovernance and include an over-arching requirement for these banks to adopt the Three Lines Model. They set policies, standards, and procedures, conduct risk assessments, and ensure that the first line complies with applicable laws, regulations, and internal policies.
But developing, implementing and maintaining a robust corporategovernance, risk management and regulatory compliance program requires resources. Software-as-a-Service (SaaS) is a method of delivering software and applications over the internet as a service. That’s time and money that might be better spent elsewhere.
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