Our Strategic Technology Partner for GRC framework, Happiest Minds ($60 Million turn over company - https://www.happiestminds.com ) can offer their expertise in assessing the risk around the PSD2 implementation landscape based on a fixed price cost for 5 weeks engagement using both offsite and onsite resources. The deliverables will be clearly defined in their proposal which is attached separately and we will take complete responsibility in delivering the report to Bank’s satisfaction. MACRO GLOBAL will project manage completely and make sure Bank fully satisfied with the results and further co-ordinate both Bank and HM towards successful completion of the PSD2 compliance assessment with full report on remediation plan. The cost quoted above for carrying out the Risk Assessment on PSD2 perspective following FCA-EBA guidelines SUP-98(2). Pls refer (FCA-EBA-Guidelines and requirement on Periodical Risk Assesment.pdf) enclosed which demands mandatory audit as part of the project. An early assessment is a must and to be reported to FCA by March 2019 part of Rep 18 reporting. HM consultants are ISO & CISO certified and already carried out numerous audits in UK for various clients. (Reference can be provided upon request including use cases and contact details)
Our Strategic Partners ( Cyber Security Assessment and Reporting )
Cyber Security audit part of PSD2 project will be carried out by our Strategic Technology Partner – Ardilla Consulting Group https://www.ardillaconsulting.com on a T&M basis. Our Cyber Security Practice assists companies in assessing their preparedness to counter cyber-attacks and recommends how to plug any gaps that are identified. We audit all of the information relevant to cyber-security in Bank including security policies, processes, data and all supporting infrastructure. We then produce a detailed report which identifies weaknesses in your current systems and recommends the best solutions. The report includes an executive summary for the Board, which estimates the effort and cost to implement the recommendations. This arms you with the information you need to put risk mitigation strategies in place. The process is carried out by our consultants who have a minimum of 15 years of experience in cyber information and security. Further, they have worked on projects across banking, investment management and government. Our consultants comply with both international and domestic standard practices, including those set by the Centre for Internet Security (CIS) and the National Cyber Security Centre (NCSC). The audit will be carried out in-line with the NCSC 10 Steps to Cyber Security, which incorporates the latest information security management standards (ISO27001). Our mission is to form long lasting and trusted relationships with your customers by providing highest level of confidence on your brand. Helping Bank to succeed in its Business Strategy by reducing risk around cyber security. We strongly suggest to engage Ardilla for Cyber security Audit considering their business knowledge combined with years of in-depth expertise around cyber security. We will take full responsibility of arranging comprehensive audit and necessary remediation plan and make sure all the deliverables are achieved to the fullest satisfaction of Bank.
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