Financial institutions everywhere are facing challenges when it comes to complying to regulations like BCBS 239, CRD IV, CCAR and Solvency II. Applying good governance over information assets is the key to becoming compliant.
Understanding the current state of the information systems is required not just for positive regulatory assessments, it is vital to support risk reduction and prepare for any economic challenges. Timeliness is also proving to be a challenge when it comes to reporting in large financial institutions that span multiple information systems. Orion can provide insight on the timing of data integration jobs across the systems in addition to exposing true provenance.
- Enhanced personal privacy
- Increased duty for protecting personal data
- Mandatory personal data breach reporting
- Significant penalties for non-compliance
This knowledge component gets called various things, including Data Mapping, Data Lineage or Data Provenance. At Orion we refer to this as the End-2-End Map of Information Assets.
Avoid going through the time-consuming process of manually cataloging and discovering personal data, which is critical for GDPR compliance. How many places can you look?
Orion Governance has the perfect solution to automate discovery of personal information. Simply define or import your GDPR catalog and start automatically discovering where the data is physically stored when scanning any of the 40+ sources that we support!
Orion’s Map of Information Assets is a visualization of all the data in your enterprise, be it structured or unstructured, on-premise, or in the cloud. It includes all endpoints for your data, where it comes from or goes to. It includes all the transformations data undergoes between the endpoints, whether that be internal operations in structured databases, part of an inhouse Java application, or even data in a mainframe!