Simple Data Separation for Finance
Efficient, Compliant Data Management for Financial Institutions on ServiceNow
Overview
Built on the ServiceNow platform, Yansa Labs’ Simple Data Separation app empowers financial institutions to streamline data security, compliance, and access management without the complexities of traditional Domain Separation. By delivering highly efficient, customizable data segmentation, Simple Data Separation addresses the unique needs of the financial sector for secure, compliant, and accessible data management.
Industry Challenges in Financial Data Management
Complex Regulatory Compliance Financial institutions face strict regulatory requirements under laws like GDPR, CCPA, and PCI-DSS. Compliance demands secure storage, controlled access, and meticulous record-keeping for sensitive customer data, with non-compliance posing financial and reputational risks.
Data Access Control and Security Managing data access across various groups, departments, and regions is a high priority for financial institutions. Unauthorized access or accidental exposure of sensitive data can lead to serious breaches, damaging customer trust and exposing the institution to regulatory penalties.
Operational Efficiency vs. Cost Management Traditional Domain Separation methods create administrative burdens, requiring significant manual configuration and maintenance. This inefficiency impacts IT resources and increases costs, particularly as institutions scale their operations and data volumes grow.
Solution: Simple Data Separation on ServiceNow
Simple Data Separation transforms data access management by providing a highly efficient, user-friendly alternative to Domain Separation and traditional Access Controls. Financial institutions can secure data and streamline compliance efforts through advanced, automated data segmentation tailored to the unique demands of the financial sector:
Automated, Rule-Based Data Segmentation Leveraging the flexibility of the ServiceNow platform, Simple Data Separation enables automatic data segmentation by key factors, such as user group, department, and region. This automated segmentation enforces secure access control consistently, reducing the need for ongoing manual oversight and minimizing risks associated with traditional Domain Separation.
Simplified Compliance Support Built to support compliance workflows, Simple Data Separation helps financial institutions demonstrate adherence to industry regulations by enforcing granular data segmentation and streamlining compliance-related data handling. Financial teams can manage and control sensitive data access in alignment with regulatory standards, while the app’s streamlined configuration supports efficient, compliant data operations.
Seamless Integration and Low Maintenance on ServiceNow Designed to integrate effortlessly into existing ServiceNow environments, Simple Data Separation allows institutions to centralize their data management on a familiar platform. It requires minimal maintenance, making it ideal for financial organizations seeking scalable, secure access control without the resource demands of traditional Domain Separation. As data needs evolve, the app’s configuration flexibility allows teams to make adjustments efficiently and cost-effectively.
Key Benefits
Enhanced Security and Compliance
Automatically enforces data access restrictions based on user attributes, significantly reducing risks of unauthorized data exposure.
Simplifies adherence to regulatory standards (GDPR, CCPA, PCI-DSS) with auditable separation rules.
Ensures audit readiness with secure, well-organized data separation rules, reducing preparation time and streamlining compliance processes.
Increased Efficiency and Lower IT Overhead
Eliminates the need for manual data separation tasks, freeing IT resources for strategic projects.
Saves over 30% of IT time compared to Domain Separation, enabling more productive allocation of resources.
Reduces ongoing administrative costs by automating data segmentation, minimizing the maintenance burden often associated with Domain Separation.
Customizable, Flexible Access Control
Tailors access restrictions to align with organizational needs across groups, departments, and locations.
Offers pre-configured quickstart packs for rapid setup, reducing the time and complexity of deployment.
Provides scalable options to meet evolving regulatory requirements and organizational growth, without the cost or complexity of Domain Separation.
Strengthened Customer Trust and Security
Demonstrates a commitment to data security and regulatory compliance, fostering customer confidence in the institution.
Mitigates the risk of data breaches, enhancing the institution’s reputation for secure data management and regulatory responsibility.
Value Proposition
Yansa Labs’ Simple Data Separation empowers financial institutions to achieve robust data security and regulatory compliance with a fraction of the resources required for traditional Domain Separation. By automating access control and utilizing ServiceNow’s powerful platform capabilities, the app offers an efficient, scalable solution tailored to the rigorous demands of the financial sector.
Designed to streamline data management and reduce IT burden, Yansa Labs’ Simple Data Separation enables financial institutions to protect sensitive data, enhance operational efficiency, and maintain compliance with confidence.
Last updated