FixNix Blog

How GRC solutions help companies meet GDPR requirements

May 25, 2019 2:00:28 AM / by Keyura posted in GDPR, Governance, Governance Risk and Compliance (GRC), grc, Risk Management, securities regulation, compliance, Regtech

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General Data Protection Regulation (GDPR) Explained

Feb 20, 2018 1:44:38 PM / by Shanmugavel Sankaran posted in fixnix, GDPR, GDPR Breach Notifications, GDPR compliance, GDPR Financial penalties, General Data Protection Regulation, Increased fines, The right of access, 000, 4% of annual global turnover, compliance, compliance management system, data privacy, €20, explicit consent required, faster reporting, not out, Opt in, Personally Identifiable Information, PII, privacy

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Robotic Process Automation for Compliance

Feb 17, 2018 10:58:01 PM / by Shanmugavel Sankaran posted in fixnix, Robotic, robotic process automation, RPA, automation, cognitive automation, compliance, process

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According to KPMG, three classes based on the level of automation:

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Cyber Security Crime - BitCoin (Digital Money of Digital World)

Nov 19, 2017 5:10:19 AM / by Prasanna Venkatesh posted in fixnix, FixNix GRC, Governance, grc, ICO, Infosys Finacle, bitcoin, cloud GRC, compliance, cyber security, cybersceurity, cybersecurity Crime, Digital Money, risk

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கடந்த பதினைந்து ஆண்டுகளுக்காக தகவல் தொழில் நுட்ப பாதுகாப்பு (ஐ.டி. செக்யூரிட்டி) துறையில் முன்னணியில் இருப்பவர்களில் சண்முகவேலும் ஒருவர். மைக்ரோசாப்ட் ஐ.பி.எம் போன்ற பன்னாட்டு நிறுவனங்களில் பத்து ஆண்டுகளுக்கும் மேலாக முக்கிய பதவிகளில் இருந்தவர். தற்போது, பிக்ஸ் நிக்ஸ் என்கிற நிறுவனத்தை தனியாக தொடங்கி நடத்தி வருகிறார். கடந்த ஐந்து வருடங்களில் இநத நிறுவனம் ரெக்டெக் 100 , இந்தியா பின்டெக் அவார்ட், கொலம்பியா மேலாண்மை கல்லூரி டாப் 26 கண்டுபிடிப்பாளர்.....என உலக அளவில் 20-க்கும் மேற்பட்ட அவார்டுகளை பெற்றிருக்கிறது.

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November NY FinTech Meetup: Demo Day!

Nov 3, 2017 6:43:26 AM / by Shanmugavel Sankaran posted in fixnix, FixNix GRC, cloud GRC, compliance, cyber security, Demo day, Empire Startups, risk

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Details

• 5 Red-hot FinTech startups demo their latest and greatest

• 5 Minute Demo

• 5 Minute Q&A

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FixNix invited for Toronto's thriving AI ecosystem's CDL finals amongst top 100 AI startups

Sep 30, 2017 1:00:25 AM / by Shanmugavel Sankaran posted in fixnix, FixNix GRC, Governance, grc, incident management, asset management, CDL, cloud GRC, compliance, risk

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A new accelerator being run by the Creative Destruction Lab (CDL) hopes to find technologists in the quantum machine learning field and give them access to.From self-driving cars to finding disease cures, artificial intelligence, or AI, has rapidly emerged as a potentially revolutionary technology – and the pace of innovation is only set to speed up.

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Who is the pioneer of Cloud GRC ?

May 18, 2017 8:43:02 AM / by Shanmugavel Sankaran posted in fixnix, FixNix GRC cloud, Governance, Governance Risk and Compliance (GRC), innovation, MetricStream, Blog, cloud GRC, compliance, copycat, entrepreneur, pioneer, risk

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FixNix is not !
But We want to straighten the myth set by few large GRC players off late.
https://twitter.com/fixrnix/status/853304826758877184

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What makes a great risk management team?

Dec 23, 2014 12:10:45 AM / by Shanmugavel Sankaran posted in Governance, incident management, Risk Management, asset management, audit management, BCM, Blog, compliance, risk

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Keeping steady hands on the corporate tiller, risk managers have very specific traits that can flourish in contrasting yet complementary ways

“Keith

Keith Ricketts -  vice president of Sword Active Risk.

Much like risks themselves, risk managers come in all shapes and sizes. However, in terms of character inflections and outlook, there is, in fact, a stereotypical risk-manager mentality – and our research shows that about 60% fall broadly into this category.

We call them “technicians”.

As you may expect, people who fall into this category demonstrate certain traits, along with what Liam Neeson might call a very particular set of skills. They tend to be:

1. Analytical

2. Logical

3. Naturally cautious

4. Attentive to detail

5. Stick to facts/follow rules

6. Able to ignore emotionally charged arguments

7. Serious and responsible

8. Suspicious of others

9. Brief and to the point
Many risk teams also include two other types, which we call “evangelists” (about 30%) and “drivers” (about 10%).

“Evangelists” tend to be inspiring leaders, very optimistic, diplomatic and persuasive. They can be verbose and prone to exaggerate. Sometimes they may appear over familiar and lacking in gravitas.

“Drivers”, on the other hand, are very pragmatic, outcomes driven, focused and determined – preferring results to facts. They can be demanding and impatient, with no time for complaints of “too much detail”, and feel the end justifies the means.

The most successful risk teams have a mix of personality types, because you need a wide range of skills to be truly effective.

While “technicians” – the archetypal risk manager – are analytical, cautious, numerate, precise and principled, capable of gathering, recording and analysing large amounts of data, they are not necessarily so good at communication or in persuading other departments of the importance of providing risk data.

“Technicians” need “evangelists” to help them sell the benefits of risk management to other departments and to the board. The risk management team also needs some “drivers” to ensure that objectives are achieved, projects stay on track and are brought to a successful conclusion.

Having a mix of those different personality types could cause friction, however. One critical facet of running a successful and highly effective risk-management team, which could help an organisation through the current tricky business climate, involves learning how to deal with the other personality types – possibly with specific training.

As with many situations, the right blend of people and skills, all supported by good communication, is what makes a really great risk management team.

source : managers.org.uk

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Rivo Positions in Gartner Magic Quadrant for Operational Risk Management

Dec 23, 2014 12:06:43 AM / by Shanmugavel Sankaran posted in FixNix GRC, Governance, incident management, Risk Management, asset management, audit management, BCM, Blog, compliance, risk

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Rivo today announced it has been named in its second Gartner Magic Quadrant report of 2014, recognized as a global player in Operational Risk Management (ORM).

Rivo, the leader in enterprise software-as-a-service based safety, security, sustainability, supply chain and analytics solutions, today announced it has been named in its second Gartner Magic Quadrant report of 2014, recognised as a global player in Operational Risk Management* (ORM). On May 6th of this year, Rivo was positioned in Gartner’s Magic Quadrant for Environmental, Health & Safety Management Systems. For the ORM report, seventeen different vendors were included in Gartner’s research with each evaluated for completeness of vision and ability to execute with their operational risk management offering in the marketplace.

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4 Key Points: Internal Audit Versus Risk Management

Dec 19, 2014 11:36:23 PM / by Shanmugavel Sankaran posted in Federation of European Risk Management, FixNix GRC, Governance, Internal Audit, Risk Management, audit management, Blog, compliance, risk

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There are gaps and different viewpoints on internal audit versus risk management. It begins by recognizing that there should be a relationship between the two areas.

[embed]https://www.youtube.com/watch?v=AN6K4ItBEu4[/embed]

In theory, everyone in the company should be concerned with risk management, but not all support or plan risk management, unlike in internal auditing, says Jo Willaert, Corporate Risk Manager at Belgium's Agfa-Gevaert Group.

source : cfoinnovation.com

 

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