Finosec enables banks to overcome time and resource constraints around information/cybersecurity staffing as it relates to regulatory compliance and expectations. Banks can simplify the overhead and cumbersome processes that are involved in user access management and controls, particularly as third-party applications become more prevalent in a bank's tech stack.
They provide the ability for banks to:
1. Assess their cybersecurity posture, identify gaps, and develop strategies to enhance their governance framework.
2. Streamline and automate their cyber-governance and user access management processes, reducing manual effort and increasing operational efficiency.
3. Align with regulatory requirements and industry best practices in order to demonstrate compliance, meet examiner expectations, and effectively respond to audits and examinations.