Banking & Financial Services

Financial Services Companies

Banking and financial services institutions are facing significant challenges in managing their rapidly growing volume of data, while also ensuring that they comply with an increasingly complex regulatory landscape. The industry is heavily regulated, and any data breaches or non-compliance can lead to significant financial and reputational damages.

Save time

Reduce Costs

Increase Productivity

Reduce Risks

InfoGov.com helps banking and financial services institutions overcome these challenges by implementing a comprehensive Information Governance (InfoGov) program. This program assists with address all elements of InfoGov including Lines of Business, Legal, Risk, Privacy, Security, IT, Records, and Data.

We Work with The Banking & Financial Services Industry

InfoGov.com provides specialized assistance to financial institutions by analyzing their individual operations and activities, such as retail banking, investment banking, wealth management and insurance services . In doing so , they can better identify critical data assets associated with each line of business for robust risk management policies that align directly with the institution's overall objectives. This enhanced approach ensures an improved level of efficiency while reducing potential risks - leading to smarter decisions across all areas of operation.

Improve Compliance

The banking and financial services industry is heavily regulated, and any data breaches or non-compliance can lead to significant financial and reputational damages. InfoGov.com can analyze how the bank or financial institute's data management policies, procedures, and technologies comply with relevant regulations, including data privacy and protection laws. The program can also establish processes such as legal hold to preserve data for litigation and other legal matters.

Optimize Security

Banks and financial institutions are prime targets for cybercriminals looking to access sensitive information. InfoGov helps safeguard these organizations by providing comprehensive security procedures that ensure data is secure from unauthorized tampering or sharing. Developed strategies include encrypting both at-rest and in motion data as well as an incident response plan to handle any potential breaches with efficiency, allowing the bank/financial institution peace of mind knowing their assets remain safe against malicious actors online.

Transform Records & Data

Banking and financial services companies rely on accurate data to keep their operations running smoothly. InfoGov.com provides a records management program that helps institutions navigate complex regulations while managing data throughout its lifecycle and disposing of out-of-date information when no longer needed, such as in the case where customers wish to be forgotten. Additionally, our advisors assist with establishing quality standards for accuracy, completeness, consistency - through methods like mapping customer data from source all the way until it's ultimate destination - so every company can have peace of mind ensuring reliable results are being produced accurately each step along the way.

Enhance Information Technology

Banks and financial services companies leverage IT systems to facilitate their data management processes and transactions. InfoGov.com enables them with the necessary tools, standards, policies and procedures for effective information governance that ensure secure storage of sensitive data as well as accuracy in terms of its quality used across various applications within an organization's infrastructure.

Reassure Privacy

Data privacy and protection is a critical concern for banking and financial services institutions. InfoGov.com can analyze how a banking or financial institution's data is collected, used, and stored in compliance with all relevant data protection and privacy laws. An InfoGov program can also establish data classification and handling procedures to protect sensitive data and manage access to it. For example, it can ensure that customer data is anonymized before being used for analytics.

Reduce Risk

As the banking and financial services industry operates in a highly regulated environment, InfoGov.com enables organizations to identify their risk exposure across multiple categories including credit, market, operational and reputational; while developing mitigation strategies like data retention policies that comply with regulatory standards.

We're here to assist.

InfoGov.com can help banks and financial services firms develop an Information Governance program that is specially tailored to their particular needs and requirements, something essential for managing vast amounts of data while staying in compliance with ever-shifting regulations. Such a system not only facilitates improved efficiency, it also reduces risk across the entire organization – all leading towards increased profitability as well as better brand image management in the long run.

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