The biggest risk to adoption of the cloud across both regulated industries and well managed companies, is a lack of focus on the people and process aspect of technology transformation. GMAG has developed a comprehensive program to assist financial firms in developing a cloud governance and maturity model which embeds compliance and risk management from the onset.
FSI customers need an objective, multi-cloud approach to building and running their cloud programs, creating a governance model across suppliers. GMAG works with the largest cloud service providers in the industry and we understand how financial firms use data for business, regulation and compliance.
GMAG will orchestrate the implementation of automation and technology processes with your company’s Governance Risk & Compliance (GRC) program to accelerate adoption.
Cloud Governance Maturity Assessment
Cloud Governance Model
Cloud Service Adoption Management
Cloud Governance, Audit & Exams
Compliance with Outsourcing Regulations
Privacy and Data Protection
Let us work with your team and craft a data strategy plan to leverage cloud capabilities and efficiencies.
GMAG was asked to participate in a cloud migration training session for a major cloud service provider’s global financial services team. In doing so, GMAG covered the various regulatory considerations associated with migration and how strategic data transfer could be achieved by implementing GMAG’s defined process. The presentation was streamed to various teams in countries across the globe.
GMAG was retained by a major Cloud Service Provider to review its financial services offerings as they relate to Regulation-SCI. GMAG consultants provided an overview of the regulatory expectations around system availability, security, incident avoidance and incident management. GMAG assisted this CSP with shared responsibility considerations and SLA design and implementation.
GMAG has worked with a cloud implementation vendor to develop an FSI cloud adoption process which includes a roadmap for implementation. GMAG consultants designed a process that ensures continuity of key compliance systems and controls, preserves key dependencies, identifies compliance systems that are not being migrated, plans QA/regression testing for all compliance functions (including interoperability with functions that will not migrate) and ensures visibility into the functioning of critical compliance controls.
GMAG has delivered regulatory and compliance briefings to the Financial Services sales staff of a major CSP, and to the Financial Services – Information Sharing and Analysis Center (FS-ISAC) Working Group on Compliance, focusing on emerging regulatory trends in cloud migration and adoption for financial services firms.