Challenges
- Limited Integration & Visibility: Legacy platform limited integration and visibility across risk domains, with no alignment to recognised frameworks such as ISO 31000 or NIST CSF.
- Fragmented Risk Assessments: Manual and fragmented risk and control assessments, with no unified Risk Taxonomy to drive consistent classification.
- Compliance Complexity: Compliance complexity due to legal entity-based data segregation, compounded by emerging obligations under DORA and data privacy regulations.
- Inefficient Reassessments: Inefficient processes for issue-based reassessments and attestations, with no audit trail to support regulatory scrutiny.
Solution Delivered
- Standardised Assessment Workflows: Group and local assessment workflows structured around a standardised Risk Taxonomy aligned to ISO 31000 and NIST CSF principles.
- Risk & Control Governance: Risk Heatmap, RAM setup and control attestations providing a defensible evidence chain for DORA operational resilience reporting and data privacy compliance.
- Issue-Based Reassessment: Issue-based reassessment with controls traceable to framework objectives, reducing duplication across regulatory programmes.
- Data Migration: Cleansed and migrated 950+ records using Integration Hub.
Benefits & Outcomes
- £60K+ Implementation Contract Value: Total implementation contract value.
- £122K FY25 Revenue: Generated £122K in FY25 revenue.
- £100K+ Managed Service Contract: Led to an annual Managed Service contract valued at £100K+.
- 800 Risks Centralised: 800 risks centralised into a unified register.
- 1,450 Controls: 1,450 controls aligned to risk statements and objectives.
- 16-Week Go-Live: Delivered from kick-off to go-live in 16 weeks using agile delivery.