Let's talk about compliance
Managing risks and aligning with compliance
Financial institutions operate in highly regulated environments where non-compliance can result in steep penalties, lawsuits, and damage to consumer trust. While driving improved agility, faster innovation, and continuous delivery, you must account for regulatory requirements to avoid compliance gaps:
- Segregation of Duties - Blurred lines between dev and ops can violate controls required under SOX without proper access management and approvals.
- Data Protection - Rapid deployment of changes under PCI DSS cardholder data requirements necessitates security checks to be embedded in your ServiceNow delivery pipeline.
- Auditability - Frequent automated changes make tracking direct data lineage difficult, impacting the ability to comply with auditability principles.
- Testing & Validation - Prioritizing speed over comprehensive testing conflicts with control validation expectations under SOX.
- Release Management - Loosely gated transitions to production may lead to uncontrolled changes, violating change control policies mandated by FINRA and other bodies.
- Regulatory Alignment - Misalignment between fast development pace and slow regulatory timelines risks non-compliance across evolving regulations like AMLD5, PSD2, and others.
Strengthen your risk management activities.
xtype provides both speed and safety in your ServiceNow delivery practice:
- Integrate compliance checks and approval gates at each stage of an automated pipeline
- Implement controls around access, change management, and instance changes
- Maintain proper documentation, logs, and audit trails
- Promote a quality-focused culture with security and compliance involvement
- Provide oversight and guardrails to enforce control points
With xtype, the advantages of speed and safety go hand-in-hand.
Bring ease to your auditing and regulatory compliance processes
xtype integrates seamlessly with the ServiceNow platform and enables a comprehensive and transparent audit trail for your delivery processes across your ServiceNow landscape. Our products play a pivotal role in facilitating accountability and ensuring adherence to the stringent compliance standards that are paramount in the banking sector. xtype is able to monitor, capture and record all migration activities across ServiceNow modules ensuring that every action and transaction can be meticulously tracked. This leaves you able to confidently navigate the complexities of regulatory compliance.