In the dynamic and highly regulated BFSI landscape of India, staying abreast of regulatory changes is crucial for businesses to thrive. Regulatory bodies such as RBI, IRDAI and SEBI have been regularly introducing guidelines and policies that significantly impact the operations of BFSI entities.
Financial Institutions are required to have a robust inventory management system for business IT assets, prevent execution of unauthorized software and maintain a centralized inventory, and create a fail-safe user access control mechanism at every stage of the asset lifecycle, among other requirements.
Apart from these numerous compliance needs, authorities have been categorical about IT asset management given its criticality in upgrading operational systems. The issue of security and asset management gets accentuated as businesses are increasingly collaborating with third-parties to provide seamless customer experience. BFSI entities need to ensure that not only them, but service providers are also adhering to all regulatory and legal requirements of the country.
The stakes of ignoring IT asset management are too high, and the urgency of regulations along with the importance of baseline controls makes it a herculean task. Failure to meet compliance standards will not only mean underutilization of assets, but will also lead to mammoth financial losses.
This comprehensive webinar organized by SymphonyAI Summit aims to provide an in-depth exploration of the urgent regulatory issues raised by the regulatory bodies, offering valuable insights and guidance for IT leaders and organizations operating in the BFSI sector.
Solution specialists will talk about the need for a robust cyber security and resilience framework apart from addressing issues related to the three essential basic controls–user access control, unauthorized software execution prevention and inventory management.
This webinar aims to empower Chief Information Officers (CIOs), Chief Security Officers (CSOs), and IT leaders from the BFSI space with the knowledge and tools needed to navigate the evolving regulatory landscape effectively, and provide the ultimate solution for regulatory compliance and operational excellence. By understanding and implementing the latest guidelines, IT leaders can not only ensure compliance but also foster a culture of adaptability and resilience in the face of ever-changing and challenging regulatory changes.
Key Discussion Points:
- Effective visibility, control, and compliance
- Precise asset inventory and integrated service management
- Balancing innovation with regulatory obligations
- Leveraging technology for efficient regulatory compliance
- Understanding the holistic impact of combined regulations on BFSI entities
- Interplay of regulations and cross-sectoral impact
