With a bCube Compliance Delivery Platform subscription, you can select any Federal Register regulation in a structured, segmented project. No IT infrastructure requirements, accessible from any authorized internet-enabled device… Rich Structured Content… Simple, easy-to-use, effective… Saves significant time and effort … So can you afford not to have it?
Streamline the entry, management, tracking and reporting of your project gap analysis. Capture the four critical elements described below:
- Interpretation of the Rule - your interpretation of the section requirements
- Current State - how your current operations satisfy the section requirements
- Gap - identify deficiencies or shortfalls in satisfying the requirements of the Section, assign Pillars, attach evidence
- Remediation Plan – define the actions to close your gaps and reach compliance.
Supervisors want the banks to demonstrate a comprehensive compliance approach. We call the elements of this approach as "Pillars". Pillars include Governance, Policies & Procedures, Data, Manual Systems, Automated Systems, Controls, Testing, Reporting, Validation, Training and Documentation. This approach to project analysis should help you address all the elements of compliance and at the paragraph level.
The supervisory agency requires you to not only demonstrate compliance, but also the process of implementation including approval workflow and controls within your organization. This has been a challenge that most organizations have been grappling to achieve especially since the life-cycle of these projects are extremely long when compared to other projects and there are limited tools that span or impact the entire life-cycle of compliance. The bCube Compliance Delivery Platform changes this forever. Now, the entire approval workflow, including the 3 lines of defense can be implemented and demonstrated using the same bCube Compliance Delivery Platform subscription. Once the client user completes the task at Section Level, the section can be submitted for approval. The Client Admin can assign an approver for the section who can either approve/reject the task. Once approved, the system will record all the information.
A user-friendly solution always means that its customer are naturally able to use it. With so many updates and multiple users simultaneously working, notifications are central to getting to know the events happening in Compliance. The bCube Compliance Delivery Platform ensures that all users get the notifications of changes - regulatory as well as user actions. The dashboard is being evolved to help you get a consistent notification and access to all such events. Click on the notification and you will be taken to the source.
Multiple levels of network security and monitoring systems including the standard security safeguards like SSL access; Malware Scan and Monitoring; Multiple Secured Server Backup and Explicit Secured Data Backup are in place. If you have any questions or need to inquire about access through VPN, Data Encryption or other security measures, contact our support department.
Create different roles to support the 3-lines of defense validation framework; Assign users at the section level; Control access at section level and manage your project effectively.
Improve the communications between your Business Lines, 2nd line validation teams and 3rd line internal/external audit teams. The content and tools help you create and work effectively on the respective project implementation plans; Reduce your cost with improved processes, enhance your supervisory review and minimize your Reputational Risk. You can also create a separate account for your supervisors to review your compliance efforts without requiring any additional information compilation efforts.
We provide structured PDF reports that you can quickly generate. Reports are available at a Part, Section or Paragraph level within a Project or across Projects. Custom reports can be created upon request.
When using the bCube Compliance Delivery Platform to implement your projects impacted by the Dodd-Frank Act, you can generate a report to determine your compliance to the DFA. It is also possible to determine the impact of any legislation implemented as a rule including the Dodd-Frank Act, SOX, Patriot Act, etc.