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.
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.
xtype runs natively on the ServiceNow platform and enables a comprehensive and transparent audit trail for your delivery processes across your ServiceNow landscape. Our platform is pivotal 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 instances, ensuring that every action and transaction can be meticulously tracked. This leaves you able to navigate the complexities of regulatory compliance confidently.
