Client

A joint venture between the largest bank in India and one of the world’s leading global custodians to offer high-quality Custody and Fund Accounting Services to domestic and foreign clients. They are equipped to support their clients with their custody and clearing requirements in a variety of assets classes and trading patterns.

Need

To reduce business risk and improve security posture by improving the security compliance score

Challenge

30 open audit non-compliance report points provided by the security auditor leading to a poor security compliance score of 70%

Solution

• Delivered our consulting services to review and recommend fixes to address the policy non-compliance issue faced by the client
• Reviewed all the open audit points
• Reviewed all the configurations on the existing devices as per industry best practices
• Recommended fixes based on a mix of our expertise and the acquired information
• Implemented configuration policy changes on the tools and devices to achieve the targeted goal

Outcome

Helped the customer close 28 audit observation, thereby improving policy compliance from 70% to 95%