Financial services firms have a wide variety of compliance and regulatory requirements including FFIEC, SOX, and GLBA.
FFIEC: (Federal Financial Institutions Examination Council)
Financial institutions are susceptible to uniform principles, standards, and report forms stipulated by the FFIEC. If your business falls under the jurisdiction of FFIEC rules and regulations, Savid helps integrate FFIEC standards into the daily practice of your business.
SOX: (Sarbanes-Oxley Act of 2002)
In the wake of major corporate accounting scandals, SOX has established wide-ranging reforms in financial accounting and reporting activities and disclosure. Savid aids companies with the compliance of these practices and provides timely, accurate information to proactively identify and address high risk information areas. Information Technology practices should adhere to the COSO framework in order to comply with SEC regulations.
GLBA: (Graham-Leach-Bliley Act)
It is mandatory for companies that receive and handle personal financial information from their customers to comply the rules defined in the GLBA. Savid makes sure you are complying with GLBA rules by safely and confidentially handling nonpublic customer information.
ITIL: (Information Technology Infrastructure Library)
Information Technology has developed standards that are designed to deliver high financial quality and value in IT operations. ITIL delivers a customer focus to managing the IT infrastructure by defining a set of management procedures across IT infrastructure, development, and operations. Complying with ITIL may be necessary for organizations that do business with other organizations. Organizations that are ITIL compliant often expect their partners to be ISO 9000 certified as well. Savid assists your organization with adapting to ITIL standards and procedures. Savid seamlessly adjusts your existing practices to qualify for ISO 9000 certification without causing a major disruption in your business.
Savid’s Consulting Services include:
Savid’s Technology Implementation Services include the auditing, installation, and configuration of: