Financial Services Companies
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.
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.
Banks and financial institutions are prime targets for cybercriminals looking to access sensitive information. InfoGov.com 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.
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.
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.
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