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FISAP 3.0
The nature of the financial
services industry requires daily exchange of sensitive and
confidential information. Complying with industry best practices
and regulatory mandates intensifies the need for traceable risk management
processes and easily deployable security measures. However, compliance and
risk assessment processes can be a significant challenge to IT resources,
given the time involved and manpower required.
Financial Institution Shared Assessments Program (FISAP) is designed to help industry service providers simplify their process. It is an innovative process for financial institutions to evaluate security controls of their IT service providers.
Modulo Risk Manager automates the vendor risk assessment process by providing an inventory of the company's vendors and mapping risks in 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. Additionally, the software keeps records of changes in business processes and infrastructure so that plans can be easily retrieved and reviewed via the Internet.
How can Modulo Risk Manager help your business?
- Providing a vendor inventory and repository
- Importing completed SIG V3 excel spreadsheet
- Collecting SIG V3 information over the Internet.
- Exporting questions collected over the web in SIG V3 template.
- Ensuring all questions will be answered
- Providing different reports, including:
- Scorecard
- Vendor by location (Google earth),
- Vendor business process (Governance Map)
- Gaps ranked by risk
- Providing classification, risk and compliance scorecard by vendor
- Helping organizations align service provider testing with industry regulations.
- Supporting vendor risk assessment
- Providing Security and evidence Repository
- Increasing quality and productivity of the risk assessment process;
- Monitoring risk assessment at significantly lower costs
Learn more
Risk Manager OverviewDownload the Modulo Risk Manager Product Overview (PDF).
FISAP 3.0 documents
Download Version 3.0 of the Financial Institution Shared Assessments - FISAP - documents.