FinTech Transformation 2

C&A Consulting helps technology organizations deliver results to their business constituents, leverage innovative technologies to drive business growth, create risk management and regulatory quality metrics / benchmarks, and be self-critical by engaging in objective critiques.

Client Profile

A regulated, publicly traded financial services firm, engaged C&A to evaluate their practices:

  • software development
  • enterprise infrastructure
  • information security
  • data management
  • IT vendor management
  • IT risk and reporting
 

Against industry best practice levels (controls and risk). The client recently mitigated significant regulatory issues and replaced their entire technology structure and organization. Our scope covered a regulatory pre-audit of IT. Market conditions necessitated strong IT cost containment.

Business Needs

There was a disproportionately large off-shore business staff with significant turnover.

The client needed to address data management quality and cybersecurity issues with cross-border implications. There were structural and organizational changes from a recent merger and physical consolidations. The review met FFIEC standards for technology management and audit readiness and covered practice benchmarking for a maturing organization

C&A Deliverables

  • Evaluation of the new books and records platform
  • Guidance for resolving legacy regulatory issues and managing IT consolidation post- merger
  • Update of the IT Operating Model from the ‘top of the house’
  • Directing an overhaul of incident reporting and BCP/DR
  • Recommendations on specific benchmarking and performance metrics

Learn how C&A Consulting helps financial institutions strengthen technology governance and operational effectiveness by applying Industry Best Practices

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