Many organizations are facing the daunting task of meeting regulatory compliance requirements with evolving and increasingly stringent laws and policies. But while compliance is often time-consuming and expensive, the cost of non-compliance can be even greater. Just one compliance failure can cost in the millions of dollars consisting of settlement fees, lost business, fines, remediation and business interruption.
IBM Rational provides solutions to help software or systems development organizations manage compliance with standards, policies, and regulatory mandates, such as Sarbanes Oxley, Dodd-Frank, Basel III and Solvency II.
The IBM Rational solutions can help your organization to:
Prioritize the various compliance and business initiatives and projects
Establish a compliance-aware development process
Manage and monitor compliance projects
Automate enforcement of your compliance processes
Automate the generation of audit documentation
Planning for Compliance
Specifically, for the Financial Services Sector, IBM Rational has created an accelerator to help Banking, Financial Markets and Insurance companies understand the impact, streamline the planning and accelerate the execution of compliance and businesses initiatives. This accelerator consists of a recommended combination of products, services and practices designed specifically to accelerate compliance transformation.
Learn more:
Webcast: Compliance: A Complex Environment in the Financial Services Sector (Frost & Sullivan)
Solution Brief: Accelerate your financial services compliance initiatives (PDF, 166KB)
Building Compliant Solutions
Software and systems development managers and teams must create an audit-ready infrastructure that minimizes developer burden and maximizes team collaboration. IBM Rational offers proven automation which includes:
- Automated workflow. Making it easy for the right people to do the right thing.
- Traceability. Verifying that the validated requirements drive results.
- Auditability. Capturing the who, what, when, and why of all deliverables needed for audit reports.
- Validation. Verifying that deliveries meet requirements and that software builds are complete and accurate.
IBM Rational solutions can help you align your software development processes with commonly accepted IT and systems management best practices, such as Control Objectives for Information and related Technology (COBIT)™, Capability Model Maturity Integration (CMMI)®, and the IT Infrastructure Library (ITIL)® standards.
Learn more:
* Customers are responsible for ensuring their own compliance with the Sarbanes-Oxley Act and other laws and regulations. It is the customer's sole responsibility to obtain advice of competent legal counsel as to the identification and interpretation of any relevant laws, including but not limited to the Sarbanes-Oxley Act, which may affect the customer's business and any actions the customer may need to take to comply with such laws. IBM does not provide legal, audit, or accounting advice or represent or warrant that its services or products will ensure that the customer is in compliance with any law.
