Further Simplifying nCino’s Compliance Capabilities with Automation
Automated Salesforce DevOps tools help banks using nCino’s operating system maintain consistent habits that support compliance with applicable data security regulatory requirements.
Why It Matters: Banking customers trust financial institutions of all sizes with their most sensitive information. Failing to comply with regulatory guidelines means a bank isn’t providing the proper level of protections for their customers’ data.
- Fines vary based on the magnitude and location of the compliance failure, but as an example, an infringement “could result in a fine of up to €20 million, or 4% of the firm’s worldwide annual revenue from the preceding financial year, whichever amount is higher.”
- Failing to properly encrypt protected data, an improper response to a data breach, and improper handling of data can all lead to a bank falling out of compliance.
Here are eight automated Salesforce DevOps tools to simplify regulatory compliance in nCino processes:
- CI/CD Automation
- Version Control
- Static Code Analysis
- Policy Management
- Permissions Enforcement
- Compliance Scans
- Data Backup + Recovery
- Data Archiving
1. CI/CD Automation
nCino’s operating system is tailored to the specific needs of financial institutions. Simplifying the process of introducing updates and applications strengthens the benefits seen by banks.
Deployment automation and testing streamlines the bundling and shipping of new coding updates.
Expediting release processes helps secure Salesforce environments by enabling teams to quickly introduce security patches.
2. Version Control
Version control enables Salesforce teams supporting nCino to collaborate while tracking and managing changes across multiple versions.
A detailed history of coding updates creates a log that can be used to find and fix errors. It also provides a report that can be used to prove compliance.
Detailed information on commit and change history prove useful in the event of a compliance audit.
3. Static Code Analysis
Clean code is secure code. Static code analysis is a powerful tool that guarantees every line of code is thoroughly checked and verified for stability.
Faulty applications can lead to data leaks, exposures, and corruptions. Static code analysis removes this possibility.
Compliance relies on reliability. A Salesforce DevOps tool that automatically checks code stability is critical to achieving this.
4. Policy Management
Internal policies for data management won’t actually assist regulatory compliance for banks unless verification protocols are in place to ensure they are being adhered to.
Automated policy scans can be leveraged to check for adherence to both internal and external policies.
This ensures that every member of your team is correctly interacting with sensitive data.
5. Permissions Enforcement
Overexposed data is a major risk for accidental deletions and exposures. Team members should only be able to access the data they need to accomplish their tasks.
Ensure proper permissions settings with automated scans of every team member’s Salesforce profile.
Repeatedly running automated scans makes sure nothing slips between the cracks, keeping you from unnecessary compliance risks.
6. Compliance Scans
Policy and permissions scans can be taken a step further to check for processes and habits that assist banks in remaining compliant with data security regulations.
Updated settings, critical processes like encryption, and other regulatory requirements can be verified with automation.
Increased visibility throughout the Salesforce environment enables verification of adherence to compliance requirements.
7. Data Backup + Recovery
Proper data management includes preparation for worst-case scenarios. Losing access to sensitive data can lead to compliance failures.
Data backup and recovery are two critical Salesforce DevOps tools that help banks maintain compliance.
Data loss simply has too many potential causes to guard against every one completely. These tools ensure you can get right back to work, even if you experience an outage.
8. Data Archiving
A clean data governance strategy makes it much easier for banks to maintain proper protection for sensitive data.
Data archiving moves critical but unused data out of Salesforce and into third-party storage.
This enables banks to comply with data retention requirements without needing to store and maintain this data directly in the Salesforce environment.
Next Step…
Compliance requires a comprehensive approach that addresses every aspect of your Salesforce environment. Salesforce DevOps tools go a long way toward helping teams remain compliant, but a company culture focused on security is critical to achieve ongoing success.
Read our ebook, Staying Safe From the Inside Out: Creating a Secure Culture in Salesforce DevOps, to learn everything you need to know about ensuring your team keeps data security top of mind.
FAQs
What are the most common data security regulations that banks need to comply with?
The exact regulations that apply to an individual organization will depend on the types of services offered as well as their location. Generally speaking, the General Data Protection Regulation (GDPR), Gramm-Leach-Bliley Act (GLBA), Data Security Standard (PCI DSS), and California’s CCPA are the most common regulations for banks.
- GDPR: For banks operating in or serving customers in the European Union, the GDPR mandates strict data protection and privacy practices.
- GLBA: Banks in the US are required to safeguard sensitive data.
- PCI DSS: Essential for banks processing credit card transactions, this ensures cardholder data is protected.
- CCPA: This is an example of state-level regulations that impose further data security requirements for banks in the U.S.
What are the key steps a bank must take to protect customer data?
There are a few considerations that need to be covered to ensure proper protection of sensitive banking data. Encrypting sensitive data is an absolute must. This must be utilized for data both at rest and in transit, ensuring that sensitive information remains inaccessible to unauthorized parties. Regular security audits and vulnerability assessments must also be implemented to identify and address potential weaknesses in the bank’s systems. Fortify access controls by implementing multifactor authentication (MFA). Additionally, banks should establish strict data access policies, granting permissions only to authorized personnel.
What technologies are essential for a bank to maintain compliance with data security regulations?
As we mentioned above, encryption tools are essential to properly protect sensitive information. Multifactor authentication is another consideration that should be instated to secure login portals. But beyond these types of infrastructure considerations, banks must also ensure they produce secure and reliable updates and applications. Automated DevOps tools like CI/CD and static code analysis are critical aspects of this. A reliable data backup and recovery tool must also be in place to regain operations in the event of an outage.
