COMPLIANCE SOLUTIONS ON THE CLOUD
Compliance affects all regulated firms, its challenging and expensive. But any firm can benefit when they share resources to address these challenges. Technology Limitations of most solutions make it impractical to share resources. But the CDP’s advanced technology has broken this barrier. The CDP offers an end to end compliance solution that allows any firm to share resources save time, effort and cost and gain a best in class compliance program. It provides rule content, integrated tools, traceability and best practice procedures to conquer your compliance challenges. This enables entities to share resources, maintain security for their data and reduce compliance cost. In many cases, the savings a firm will gain more than pays for the service.
The CDP offers several cloud-based configurations. The solution can be deployed in a BCube managed cloud, in a private data center or in your private network. The potential CDP deployments are depicted below.
Now regulated firms can leverage the power of the CDP to gain unmatched performance, value and compliance. There is no hardware, software or maintenance to worry about, and with the CDP you get 24/7 access to professionally managed, performance oriented resources with unlimited scalability. Secure class 4 data centers provide security and protection for your data. REST APIs facilitates easy integration of the CDP with your enterprise applications to create a central compliance hub. Large scale data transfers are facilitated by either spreadsheets or these APIs. The BCube Managed Cloud (BMC) is a professionally managed service to provide access to the CDP at a price that won’t break the budget.
Regulated firms can access the CDP in a member owned data center or any preferred infrastructure service partner. BCube’s advanced technology makes hosting the CDP in any environment easy and cost effective.
Large institutions with sophisticated risk-profiles often require integration with their internal systems which require expensive, time consuming customizations. In contrast, the CDP can be deployed as a managed solution in their private network and the integration with other systems and most customizations can be done economically and in short order.
This table highlights the availability of using the CDP in various configurations.
|BCube data center||Shared data center||Private deployment|
CDP subscription service
Private deployment of the CDP
|Firm specific taxonomy changes and simple workflow customizations can be offered. More complex customization requests will need to be evaluated.||Firm specific taxonomy changes and simple workflow customizations can be offered. More complex customization requests will need to be evaluated.||Any customization can be provided.|
Integration with external applications
|Unlimited data import and exports using spreadsheets. Data transfers with API’s may have limitations based on the system to be integrated.||Unlimited data import and exports using spreadsheets. Data transfers with API’s may have limitations based on the system to be integrated.||Integration and data transfers using REST API’s are only limited by the system to be integrated.|
No matter which configuration you select, the CDP offers the highest level of security, flexibility, performance and unlimited scalability, and can accommodate any number of regulations, jurisdictions and users. Any regulated firm, whether small, mid-size or large can gain all the benefits of this best in class open standard solution at an affordable price.
This guide lists the aspects of your CDP subscription no matter which configuration you choose:
- Type of service: Managed service (subscription)
- Infrastructure: No hardware or software requirements. Sign in and you are ready to go. Hosted by BCube in a private cloud within your subdomain or in a data center as a shared service.
- Subscription: Annual. Includes the agency rule content and infrastructure. For private deployment, it is agency rule content only.
- Regulations: Subscription by Agency. All rules, supporting authority and updates. For example, if you are operating in the Financial Services industry and your primary regulator is FDIC, your subscription will include all the rules from FDIC. Additionally, if you want the rules from OCC, you can request for the OCC as an additional agency and all the OCC rules from the CFR will be available in your subscription.
- Jurisdiction: Federal, State and International. State and International rules are based on custom requests.
- Number of users: 10 per agency. Any number of users can be added for additional charges. For example, if you are a Financial Services customer and subscribe to the FDIC and NCUA, you will have 20 user licenses.
- Security: Refer to the article "BCube CDP: Security" for further details. Automated backups, performance monitoring, SSLs, Threat scans, etc.
- Integration with other applications: Large scale data transfers to and from the CDP using spreadsheets (import and export) and integration with API's.
As a cloud based subscription, here is how the BCube CDP solution stacks against any competitive solution.
|Attributes of a cloud based subscription||Quality of Service|
|Transparency in Data Management||Yes|
|Ease of Administration of Software||Yes|
|Customization Level||Highest among all available solutions|
|API Quality and Ease of Integration||Highest among all available solutions|
|Cost Parameters and Pricing||Simple, low|
|Quality Support||Bundled with managed service|
|Performance and Reliability||Major focus|
Sign-up form. It's a simple process to start using the CDP. Sign-up for the 15-day risk free trial and you are provided user licenses and one regulation of your choice. Reference the sign section below.
Select a regulation. Select the regulation of your choice.
Account configuration.BCube's client support team will configure the account and assign you with the regulations of your choice. If the agency you requested is not available, it will be made within 10 business days starting with the regulations that are immediately required. The rest will be continually added over the next few weeks.
Start using your CDP. After configuration, login to BCube CDP from any internet enabled device.
Once you have completed your trial using CDP, BCube team will work with you to understand your customizations (features, taxonomy, deployment and other integration requirements) to determine the customizations you need and implement your solution.
15-DAY RISK-FREE TRIAL
Getting started with the BCube CDP is a snap. Just sign up and complete the simple online form and you are ready to go. All that is needed is:
- Details to set up your Account
- Your choice of regulation
- Users and their roles
Your account will be set-up and you are ready to go within two business days…
FREQUENTLY ASKED QUESTIONS
The BCube CDP can be deployed in a data center managed by BCube or your preferred infrastructure services partner or in your private enterprise network.
YES!. With BCube CDP, customizations can be provided in any configuration. The requirements need to be evaluated for feasibility. BCube makes every attempt to provide best practice solutions to all customers. Some customizations may require private installation.
YES!. The BCube CDP in a shared managed service mode provides open standard APIs that enable you to easily integrate and transfer data to or from your existing systems.
YES!. With the BCube CDP in a shared managed service mode, you can integrate your systems and transfer data using spreadsheets or ReSTful API's.
YES! Customizations can always be delivered in a shared managed service. The requirements need to be evaluated for feasibility. BCube makes every attempt to provide best practice solutions to all customers. Some customizations may require private installation.
YES! In a private deployment the BCube CDP is deployed in your infrastructure. This type of deployment provides the greatest level of flexibility and control over all aspects of customization and integration. Contact your BCube representative for details.