Financial Services Solutions
Financial services organizations are faced with enormous challenges when it comes to managing risk, meeting compliance requirements, and effectively managing corporate governance. Faced with complex regulatory mandates, such as the Sarbanes-Oxley Act of 2002 (SOX) and Basel II, as well as new governance frameworks, such as Committee of Sponsoring Organization (COSO) II, there is significant pressure to demonstrate sound risk management and compliance practices.
Most financial organizations have implemented a range of point solutions to manage risk and meet specific regulations. These solutions have proven costly, inefficient, and difficult to sustain. This is even more challenging for organizations that have grown by acquisition. As a result, organizations are moving governance, risk, and compliance (GRC) under one umbrella, utilizing a single system to simplify, automate, and drive GRC activities.
NeoGRC for Financial Controls Compliance
NeoGRC provides financial organizations with a unified solution to effectively manage evolving compliance requirements and coordinate objectives, controls, and risks for all GRC activities. This coordinated view results in the effective utilization of resources, proactive compliance practices, greater risk awareness, and improved operational efficiencies.
NeoGRC automatically monitors the full cycle of compliance activities, analyzes the effectiveness of internal controls, and provides up-to-date reports on compliance status – via a single, integrated database.
To help organizations maintain compliance, Neohapsis also provides extensive consulting services, including information risk management program management and a range of compliance assessments.
Security and Risk Management Services Designed for Your Business
Neohapsis' services teams provide extensive Security and Information Risk Management (IRM) services for many of the world's leading financial organizations. Working closely with clients, Neohapsis ensures that organizations are able to identify risk across the enterprise, tightly manage a roster of regulatory compliance mandates, and implement controls to ensure that business operations are not caught off guard by compliance reporting requests, audits, or previously undetected risks – maintaining GRC with confidence. Neohapsis services include:
Information Risk Management
Neohapsis’ IRM services help organizations implement a comprehensive risk management framework in order to gain visibility into risks enterprise-wide, proactively protect information assets, and make more informed and rapid information risk management decisions. Leveraging a proven IRM methodology, Neohapsis provides customers with a broad range of services to develop a coordinated IRM strategy and align IRM activities with core business objectives. From Information Risk Assessment, to IRM Program Development, to IRM Program Implementation, Neohapsis allows organizations to manage evolving and complex risk and compliance requirements with ease and efficiency.
Application Security
With the volume of resources and information now available electronically, maintaining comprehensive application security is more critical than ever before. Neohapsis has provided Application Security services to hundreds of financial institutions, identifying application risk through vulnerability research and penetration testing engagements for organizations of all sizes. Neohapsis works closely with customers to enhance application security through threat modeling services, architecture assessments, application security training, and application code reviews.
Network and Endpoint Security
Neohapsis leverages cross-industry expertise to identify the best solutions to meet financial organizations’ network and endpoint needs and provide customers with a range of services including assessment of host security and network device configurations, analysis of network architectures, and development of host configuration policies and standards.
Product Evaluation and Validation
Neohapsis provides customers with extensive product testing and assessment capabilities, analyzing products in rigorous, high-performance environments to flag infrastructure compatibility issues and uncover vulnerabilities or defects. Neohapsis’ services are often leveraged early on in the product development lifecycle, providing critical analysis of the product architecture, feature set, and validation of quality assurance.
Outsourcing Risk Services
Financial enterprises will continue to leverage third parties to support core business process and manage critical IT functions. New technology solutions such as virtualization and cloud computing are promoting sharing of IT resources and software as a service (SaaS) solutions are enabling multiple enterprises to leverage existing application infrastructure. Neohapsis recognizes the opportunities and risks presented by leveraging outsourced models within large financial services organizations. We provide recommendations to reduce risks with new and evolving service provider models. Our services are designed to provide a better understanding of outsourcing risks and the information necessary to balance risk with opportunity.
