OXIAL and Mice360 Partner to Address Data Privacy and Cyber Security

OXIAL and Mice360 Partner to Address Data Privacy and Cyber Security
06.06.2017 10:15 am

OXIAL and Mice360 Partner to Address Data Privacy and Cyber Security

Compliance , Risk Management

OXIAL, the new generation Governance, Risk & Compliance (GRC) software solutions provider headquartered in Switzerland, and Global Data Sentinel (GDS), a New York-based leading cyber security solutions provider for information protection and data security and Mice360, a cybersecurity think tank and accelerator based in Washington, DC, have signed an agreement to jointly develop the next-generation of GRC solutions for the public and private sector markets.

The new solution will bring together real-time analytics and automation from OXIAL’s full-featured GRC suite and GDS’ cybersecurity and information protection capabilities to deliver an end to end solution for data privacy (GDPR) and cybersecurity that incorporates best-practice standards, enterprise rights management, and numerous regulatory frameworks across multiple risk scenarios (including AML/KYC, fraud, financial, IT, process and business).

The recent introduction of the EU’s General Data Protection Regulation (GDPR) legislation has brought about the convergence of enterprise policies and technology,” said Eric Berdeaux, CEO and founder of OXIAL. “By partnering with GDS we are bringing together the best-of-breed solutions to solve the increasingly overlapping needs of GRC and cybersecurity. From GDPR in the European Union, to other regulatory frameworks elsewhere in the world, such as the New York State Department for Financial Services (NYDFS) legislation that oversees the majority of U.S. banking and financial services firms, including Wall Street, we’re developing solutions that solve the needs of our customers and bring them peace of mind when it comes to managing complex organisational and regulatory mandates” he added.

We are extremely pleased to be partnering with the team at OXIAL, who have demonstrated their ability to deliver industry-leading GRC software solutions for customers in highly regulated markets such as banking, insurance, healthcare, and the public sector,” said John-Philip Galinski, CEO and founder of Global Data Sentinel. “With the exponential growth of data breaches from cyberattacks and internal threats, and the resulting legislation we’re seeing as a result, including the precedent of monetary enforcements from HIPAA and others in the U.S., it is logical that organisations will be eager to work with solutions providers that integrate GRC with cybersecurity and mitigate the risk up-front. Recent legislation has changed the needs of the market considerably, and we believe we have a tremendous partner in OXIAL to help meet the demand we are seeing.”

The current market regulations implemented in Europe and the new cybersecurity initiatives announced by the White House, will require near real time assessment, reporting and compliance. The uniqueness of GDS’ data security solution combined with Oxial’s powerful reporting platform, allows the C-suite to ascertain that they are maintaining a complete level of compliance needed, with a powerful combination not previously available to the market”, said Shahal Khan, Partner of Mice360, Inc.

Related News

EPA publishes review paper on FCA's shutdown of Wirecard Card Solutions

The Emerging Payments Association (EPA), which celebrates collaboration and innovation... Read more »

Jordan Ahli Bank Cyprus equips for PSD2 with Salt Edge’s solution

Salt Edge, a leader in developing open banking solutions, helped Jordan Ahli Bank Cyprus become amongst the first group of banks in Cyprus to... Read more »

Finch Global launches fintech digital passport to make compliance checks smoother for businesses

As financial institutions and organisations come to terms with the challenges of the post-Covid-19 world it is obvious that regulated businesses urgently need a new, more... Read more »

Alior Bank selects Onfido to streamline digital identity verification for onboarding new customers through its mobile application

Onfido, the global identity verification and authentication company, today announced a partnership with... Read more »

Maitland enhances AML compliance services in Luxembourg

Maitland, the leading global advisory and fund administrator, has announced it is enhancing its AML regulatory... Read more »

Adobe, IBM and Red Hat announce strategic partnership to advance customer experience transformation

Adobe (Nasdaq: ADBE), IBM (NYSE: IBM) and Red Hat today announced a strategic partnership to help accelerate digital... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel