We were engaged by a Fortune 500 financial services company that had to prepared for security directives and regulations and ensure that personal and payment consumer data were protected. As an example, consumers were accessing client’s services not only in the U.S., but also in the European Union. Compliance with legal frameworks such as GDPR (General Data Protection Regulation) and PSD2 (Payment Services Directive) was one of the objectives of the matter.
We developed a detailed plan to meet all security standards and implemented all technical requirements to guarantee compliance with relevant legal frameworks. More specifically, some of the tasks we completed in this project were:
The client was pleased with our overall implementation of security standards and data reporting. Our work had direct impact to the compliance reporting costs, which were reduced by about 20%. Additionally, the analytic cycle time of the client’s operations team decreased by 60%.
Note: This work was performed prior to joining Stout.