The nature of the financial services industry requires daily exchange of sensitive and confidential information. Following industry best practices and complying with regulatory mandates intensifies the need for traceable risk management processes and easily deployable security measures. But compliance and risk assessment processes can be a significant challenge to IT resources, given the time and manpower historically required.

The Shared Assessments Program is designed to help industry service providers simplify their processes. It is an innovative program allowing institutions to evaluate the security controls of their IT service providers.

Modulo Risk Manager automates the vendor risk assessment process by providing an inventory of your organization’s vendors and mapping the risks associated with each business process.

Using a Risk Assessment approach over SIG v3, Modulo Risk Manager helps companies develop a risk rating associated to each gap.

Modulo Risk Manager provides a consistent process for evaluating risks and efficiently maintaining and updating critical information. In addition the software keeps records of changes in business processes and infrastructure so that plans can be easily retrieved and reviewed online.