CTG has extensive experience supporting the global banking, finance, securities and insurance (BFSI) market with specialized expertise in banking and insurance business processes. Our client references in the financial services industry range from small local banks to Global 1000 companies. CTG also has significant international experience in financial services, which is our largest vertical market in Europe. Our strong information security and regulatory compliance capabilities enhance our ability to support the BFSI market. Our largest financial service engagements include large-scale offsite application management for a leading regional bank and the outsourced management of all IT functions for a major insurance company. CTG is also a prime supplier of external IT talent for several of the largest U.S. financial institutions.
Vendor risk management is a current top-of-mind issue for financial services companies which by nature handle large volumes of customer financial information. Vendors represent a major point of vulnerability for illegal and improper "pirating" of customer information. CTG's Risk Profile Manager (CTG RPM) is a powerful ontology-based Software as a Service (SaaS) product that enables financial institutions to assess and manage vendor risk more effectively and efficiently than traditional solutions. The CTG RPM tool establishes vendor risk profiles, score vendors by level of risk, and gathers relevant vendor risk and security information through a secure web-based application. Advantages of CTG PPM over competing products include:
- Use of international standards-based security controls
- Vendor neutrality
- Completely automated solution significantly reduces current manual efforts
- Ability to access all types of vendors and tailor information gathering processes (e.g. vendor-specific e-questionnaires)
In addition to vendor risk management, our current BFSI services in the U.S. include:
- Information security services
- Regulatory compliance support
- Large scale managed staffing
- Application management and maintenance
- Application testing