The Challenge:

Meet Federal regulations, such as the Gramm Leach Bliley Act (GLBA), that require financial institutions to protect the confidentiality of their electronic data transmissions. Ultimately, the boards of directors and officers of financial institutions are liable if the electronic transactions are not kept confidential. Financial Institutions face the daunting challenge of creating policies and procedures to protect information -- often with internal resources whose time and knowledge are limited, then distributing the policies and procedures to its employees, and tracking their understanding understanding of the policies.

How can these organizations avoid stiff legal penalties and comply with GLBA regulations that require them to:

• Implement a comprehensive security plan.
• Make sure that all employees understand the security measures to protect customer information.
• Report to the board of cirectors and other regulators regarding compliance; and
  Keep audit trails tracking employees' acceptance of policies?

The Solution:

DynamicAssessment helps financials institutions to identify the gap between compliance requirements and their existing policies. DynamicPolicy helps to close that gap, giving financial institutions the capability to:

• Create a distributed communications environment to publish and manage their policies, at the same time meeting regulatory standards of consistency and broad distribution of information to audiences that include consumers, investors, regulatory bodies, and internal stakeholders.
• Develop policies and procedures using templates that comply with federal requirements, and that are based on international best practices.
• Foster digital workplaces for both internal and external teams to develop content.
  Deliver targeted policies to specific audiences.
• Report regularly on employees' acknowledgment and understanding of policies.
• Provide a timely and effective communication channel between management and employees.
• Apply security and manage access rights to all types of compliance content through a Web-based single-point-of-access that reaches across the organization as well as to external parties -- auditors and legal counsel, among others.

We invite you to learn how your company can save time and human resources during the process of managing your policies and procedures. Please request a demonstration or trail version today!