Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    IT Services

    Marine Tech

    Networking

    PropTech

    Remote Work

    Robotics

    Scheduling Software

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Construction

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Collaboration

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Contract Management

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Product Management

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • Compliance
    • CISCO
    • Collaboration
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • Compliance
    Editor's Pick (1 - 4 of 8)
    left
    Welcoming Big Data Technology amidst Changes

    Darren Cockrel, CIO, Coyote Logistics

    Demystifying the Role of IT in Millennial Organizations

    Jeff Fithian, VP, Strategic Initiatives and CIO, Dynamic Materials Corporation

    Productivity and Security- Can you ever have both?

    Julie Cullivan, SVP, Business Operations & CIO, Fireeye

    Lessons Learned from a CIO

    John Miller, Vice President and CIO, American Textile Company

    Digital Transformation: Prerequisites for Success in the Insurance Industry

    Nicole Kellenberger, Global Eadmin Lead, Swiss RE and Sven Scandella, Head of ITP&C Business Management, Swiss RE

    Compliance in the Cloud

    Vasyl Nair, Chief Risk Officer, Mine Super & Louis Leung, Executive General Manager Group Risk and Compliance, Mine Super

    Lessons Learnt on Compliance and Culture Change

    Paula Cristina Spirandio, Compliance Manager, Gunvor Group

    Vinayak Bindal, Sub-Regional Compliance Officer, Sea, Merck

    right

    Leveraging Compliance to Your Advantage

    By Mark Bloom, Global CIO, Aegon

    Tweet
    content-image

    Mark Bloom, Global CIO, Aegon

    Assuming you are an IT professional/executive, what is your first reaction when you hear the word ‘compliance?’ Fear? Trepidation? Do you think it’s an impediment to progress? Or do you see it as critically important? A trusted partner given the expectations of customers and regulatory bodies that your industry deals with?

    This range of perspectives is dependent on everything from the company you work for and people you work with, to the company’s operating environment, a particular project or initiative. There is not really a right or wrong answer to the question I asked. However, what everyone would agree upon is that disregard for compliance will lead to very bad outcomes. And those outcomes could have a negative impact on you and/or your company.

    Getting a Vote of Confidence

    What I have learned over the years is that the best way to deal with compliance is to embrace it. Figure out how to turn compliance into a positive for your company and your organization. By means of example, being compliant with IT controls such as protecting customer/confidential information and proper segregation of duties will yield a vote of confidence from any external audit or from any government or regulatory body associated with your industry. What’s more, compliance with IT controls also helps minimize the impact from cyber-attacks that your company may encounter. Being compliant with recognized IT controls won’t prevent a cyber-attack, but it will hopefully ensure that the residual outcomes do not have as severe reputational effects as they could have been.

    “Figure out how to embrace compliance as it is an expectation of your customers, your company’s leadership, and any external government or regulatory body”

    A second example of embracing compliance is engaging the compliance department earlier in the lifecycle of a project. I have seen many examples over the years where a project has gone through the software design and development process, and as part of obtaining any necessary sign-offs to move the software project into production for customers, compliance has identified an issue that stops the project from moving forward. I suspect that many of you have experienced similar situations, where tensions rise between the various parties, and fingers are pointed at one another.

    Figure out how to embrace compliance as it is an expectation of your customers, your company’s leadership, and any external government or regulatory body

    Similar to any department in a company, the compliance team is doing their job, which is to protect the reputation and brand of your company and your company’s customers.

    Focusing on what could have been done Differently

    Rather than dwell on the consequence of not keeping the project moving and the friction created between the project team and the compliance department, focus on what could have been done differently to arrive at a more positive outcome. Could the compliance team have been engaged earlier? Was compliance invited to be part of the project when it was initiated? Did they ask to sign off on any artifacts such as requirements documents or use cases or user stories or design documentation? Pace of change is now high on every organization’s agenda. We all read blogs and articles about being more customer-focused, and an organization’s ability to react to customer feedback and ideas quickly is really impacting all the traditional software development practices and processes.

    Many organizations are moving or have already moved to a more iterative software development practice, typically following one of the several variants of Agile. Iterative development creates an interesting dynamic in terms of the interaction model with organizations such as compliance.

    In looking at the example above, where compliance was not engaged until the production readiness approval, the suggestion was to involve compliance earlier in the project lifecycle. In an iterative development, however, it does not follow a linear development cycle, so how do you follow the spirit of my strong recommendation to engage compliance earlier in a project?

    The answer is that you figure out how to engage compliance through each iteration of your development. I have seen organization create a concept of ‘scrum of scrums’ which follow scrum Agile and allows for a regularly scheduled interaction between compliance and the project scrum teams. I have also seen where organizations embed compliance within a scrum team, and compliance participates on a regularly agreed upon cadence, whether that is weekly, every other week, etc…

    Aligning Performance Goals

    One other best practice I can suggest as a way to embrace compliance is to align performance goals. The compliance department’s role—as I stated above—is to protect the reputation and brand of your company and your company’s customers. Notice that role says nothing about any project execution and delivery milestones. Working with the compliance department to introduce project execution and delivery milestones tends to influence the compliance department’s behavior. The converse is also very true. Working with the IT department to introduce IT control metrics and goals tends to influence the IT department’s behavior.

    In summary, compliance can be a competitive advantage or disadvantage. Figure out how to embrace compliance as it is an expectation of your customers, your company’s leadership, and any external government or regulatory body. Hopefully, some of the recommendations for how to work most effectively with the compliance department will enable you and your company to create a competitive advantage that will make your competition take notice.

    Check out: Top Healthcare Compliance Consulting Companies

    Weekly Brief

    loading

    Featured Vendor

    • ACTICO: Leveraging AI for Compliance Management
      ACTICO: Leveraging AI for Compliance Management
    Top 10 Compliance Solution Companies - 2020
    ON THE DECK

    Content Management System 2020

    Top Vendors

    Contactless Payments 2020

    Top Vendors

    Admired Tech 2020

    Top Vendors

    Corporate Finance 2020

    Top Vendors

    AI 2020

    Top Vendors

    Travel and Hospitality 2020

    Top Vendors

    Startup 2020

    Top Vendors

    Networking 2020

    Top Vendors

    FinTech 2020

    Top Vendors

    CRM 2020

    Top Vendors

    Scheduling Software 2020

    Top Vendors

    Education 2020

    Top Vendors

    Business Intelligence 2020

    Top Vendors

    PropTech 2020

    Top Vendors

    Salesforce 2020

    Top Vendors

    Big Data 2020

    Top Vendors

    Simulation 2020

    Top Vendors

    Product Management 2020

    Top Vendors

    Legal 2020

    Top Vendors

    Remote Work 2020

    Top Vendors

    Cryptocurrency 2020

    Top Vendors

    CEM 2020

    Top Vendors

    Insurance 2020

    Top Vendors

    Data Center 2020

    Top Vendors

    Banking 2020

    Top Vendors

    RegTech 2020

    Top Vendors

    Wireless 2020

    Top Vendors

    Procurement 2020

    Top Vendors

    Cognitive 2020

    Top Vendors

    Drone 2020

    Top Vendors

    HR Technology 2020

    Top Vendors

    HPC 2020

    Top Vendors

    Pharma and Life Science 2020

    Top Vendors

    SAP 2020

    Top Vendors

    Food and Beverages 2020

    Top Vendors

    Cloud 2020

    Top Vendors

    Blockchain 2020

    Top Vendors

    Cloud 2020

    Top Vendors

    Logistics 2020

    Top Vendors

    Augmented Reality 2020

    Top Vendors

    Contact Center 2020

    Top Vendors

    Oracle 2020

    Top Vendors

    Cyber Security 2020

    Top Vendors

    E-Commerce 2020

    Top Vendors

    Compliance 2020

    Top Vendors

    Enterprise Architecture 2020

    Top Vendors

    Digital Transformation 2020

    Top Vendors

    Manufacturing 2020

    Top Vendors

    Agile 2020

    Top Vendors

    CISCO 2020

    Top Vendors

    Field Service 2020

    Top Vendors

    Contact Center 2020

    Top Vendors

    IoT 2020

    Top Vendors

    Microsoft 2020

    Top Vendors

    Retail 2020

    Top Vendors

    Aviation 2020

    Top Vendors

    Healthcare 2020

    Top Vendors

    IT Service Management 2020

    Top Vendors

    Top Vendors

    Big Data 2019

    Top Vendors

    Digital Signage 2019

    Top Vendors

    Sales Tech 2019

    Top Vendors

    Startup 2019

    Top Vendors

    Salesforce 2019

    Top Vendors

    AI 2019

    Top Vendors

    Google 2019

    Top Vendors

    Smart City 2019

    Top Vendors

    FinTech 2019

    Top Vendors

    Admired Tech 2019

    Top Vendors

    Big Data 2019

    Top Vendors

    IT Services 2019

    Top Vendors

    Business Intelligence 2019

    Top Vendors

    Education 2019

    Top Vendors

    Project Management 2019

    Top Vendors

    Enterprise Asset Management 2019

    Top Vendors

    CRM 2019

    Top Vendors

    Data Center 2019

    Top Vendors

    PropTech 2019

    Top Vendors

    Capital Market 2019

    Top Vendors

    Travel and Hospitality 2019

    Top Vendors

    Legal 2019

    Top Vendors

    IT Infrastructure 2019

    Top Vendors

    Plastic Tech 2019

    Top Vendors

    Facility Management 2019

    Top Vendors

    Fleet Management 2019

    Top Vendors

    CEM 2019

    Top Vendors

    Sensor Tech 2019

    Top Vendors

    RegTech 2019

    Top Vendors

    Marine Tech 2019

    Top Vendors

    Collaboration 2019

    Top Vendors

    Software Testing 2019

    Top Vendors

    Facility Management 2019

    Top Vendors

    Automotive 2019

    Top Vendors

    Food and Beverages 2019

    Top Vendors

    Insurance 2019

    Top Vendors

    HPC 2019

    Top Vendors

    Wireless 2019

    Top Vendors

    Simulation 2019

    Top Vendors

    Corporate Finance 2019

    Top Vendors

    Drone 2019

    Top Vendors

    AI Healthcare 2019

    Top Vendors

    SAP 2019

    Top Vendors

    Procurement 2019

    Top Vendors

    Cyber Security 2019

    Top Vendors

    IBM 2019

    Top Vendors

    Construction 2019

    Top Vendors

    Logistics 2019

    Top Vendors

    Managed Services 2019

    Top Vendors

    Manufacturing 2019

    Top Vendors

    Media and Entertainment 2019

    Top Vendors

    Cloud 2019

    Top Vendors

    Banking 2019

    Top Vendors

    Agile 2019

    Top Vendors

    IT Service Management 2019

    Top Vendors

    Retail 2019

    Top Vendors

    HR Technology 2019

    Top Vendors

    Oracle 2019

    Top Vendors

    Cognitive 2019

    Top Vendors

    Compliance 2019

    Top Vendors

    Contact Center 2019

    Top Vendors

    Healthcare 2019

    Top Vendors

    Gov and Public 2019

    Top Vendors

    Microsoft 2019

    Top Vendors

    Pharma and Life Science 2019

    Top Vendors

    DevOps 2019

    Top Vendors

    E-Commerce 2019

    Top Vendors

    Blockchain 2019

    Top Vendors

    IoT 2019

    Top Vendors

    Metals and Mining 2019

    Top Vendors

    Gamification 2019

    Top Vendors

    Field Service 2019

    Top Vendors

    Augmented Reality 2019

    Top Vendors

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Accelerating Petcare Innovation through CRM and Digital Vision

    Accelerating Petcare Innovation through CRM and Digital Vision

    Miao Song, Chief Information Officer, Mars Petcare
    How Cloud Systems are Impacting Business Environments

    How Cloud Systems are Impacting Business Environments

    Martin Stegner, CIO, NOVUM Hospitality
    Digital Tack

    Digital Tack

    Claus Nehmzow, Chief Innovation Officer, Eastern Pacific Shipping Pte
    Brokering the Cloud Services

    Brokering the Cloud Services

    Eric Boyette, Secretary & State CIO, Information Technology
    Defining a Cloud Strategy: A Higher Education Paradigm

    Defining a Cloud Strategy: A Higher Education Paradigm

    Russell M. Kaurloto, VP and CIO, Clemson University
    The 4Ps of Digital Transformation in Pharmaceutical Industry

    The 4Ps of Digital Transformation in Pharmaceutical Industry

    Debraj Dasgupta, Operating Officer, Head of Strategy and Go-To-Market Planning Division, Nippon Boehringer Ingelheim
    Technology’s Role in The Care and Quality of Life for The Aged

    Technology’s Role in The Care and Quality of Life for The Aged

    Jose A Perez, Chief Information Officer, Hammondcare
    How ECM is Revolutionizing Organizations

    How ECM is Revolutionizing Organizations

    Thomas Phelps IV, VP of Corporate Strategy & CIO, Laserfiche
    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://compliance.apacciooutlook.com/ciospeaks/leveraging-compliance-to-your-advantage-nwid-4395.html?utm_source=google&utm_campaign=apacciooutlook_topslider