By building the Shared Assessments framework into our platform, we have helped both financial institutions and their suppliers gain the visibility that regulators are demanding for safeguarding their data, whether it is processed across the street or around the world.
Aliso Viejo, CA (PRWEB) February 9, 2009
Evantix, the leading provider of on-demand, risk intelligence solutions, announces the release of Evantix RiskManagerTM 2.0, which supports the standards of version 4.0 of the Shared Assessments Program through a license agreement. This Software-as-a-Service solution provides financial institutions and their suppliers with online access to the Shared Assessments Program "Standardized Information Gathering" (SIG) questionnaire. Evantix will be demonstrating this enhanced risk assessment model at the upcoming Second Annual Shared Assessments Summit in Chicago on May 27-28, 2009.
"To promote our new product release, we are offering a Shared Assessments Risk Control Report to vendors free of charge until March 31, 2009 (Evantix BITS Offer)," said James Christiansen, Evantix chief executive officer. "By building the Shared Assessments framework into our platform, we have helped both financial institutions and their suppliers gain the visibility that regulators are demanding for safeguarding their data, whether it is processed across the street or around the world."
Evantix processes the Shared Assessments Program SIG results through its proprietary algorithms to produce risk ratings that are provided to the original requestor and securely shared at the vendor's discretion with its other customers. Evantix's powerful and easy-to-use Risk/Compliance platform quantifies third party exposure for financial entities. It provides them with the risk intelligence they need to monitor vendor risk to their critical processes, intellectual property, and sensitive information. The standardized process enables both the financial enterprise and its suppliers to comply with legal, regulatory, and policy obligations--reducing possible risks to each company's reputation, brand, security, operation interruptions, and compliance procedures.
Evantix provides on-demand risk intelligence solutions that automate the process of risk analysis for enterprises that outsource to their suppliers. Evantix uses a unique, pioneering process to deliver risk assessments based on a standardized scoring method that allows all stakeholders to easily evaluate risk, readily share this information, and drastically reduce the cost of risk and compliance management. Founded in 2006, Evantix leverages the industry leadership of their service professionals in information security, enterprise risk management, and compliance management. More information is available at Evantix.
About the Shared Assessments Program
The Shared Assessments Program (Shared Assessments) was created by financial services industry consortium BITS (BITS Info) to make the service provider security evaluation and assessment process less costly, faster and more efficient while raising the bar on security in the industry. The Shared Assessments Program standardizes the collection of security information through a repeatable and consistent evaluation process; reduces costs and increase efficiencies for financial institutions and service providers; and raises the bar on security through more rigorous security assessments. The Shared Assessments Program is managed by The Santa Fe Group.