Unlocking Your Data’s True Regulatory Value

A whole set of factors have tried to define human beings over the years, but at the same time, none have done a better job than our tendency to improve at a consistent pace. We say this because the stated tendency has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the right goods. The same has grown to become a lot more evident in recent times, and assuming one new GRC-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.

Onspring, the no-code SaaS GRC automation software, has officially partnered with Black Kite, Regology, and Ascent, to facilitate a new platform release called version 27.0, which will automate actions that inform stakeholders of data implications. According to certain reports, the stated automation will allow you to more effectively activate control testing, policy reviews, third-party analyses, and risk remediation, thus conceiving significant time savings during regulatory change review processes. Talk about how each company will orchestrate the creation of this promised value proposition, we begin from Regology. Bringing its experiences as an industry-agnostic AI-powered regulatory intelligence provider, Regology will support the presented case by offering access to a vast database of regulatory information, information which will be sourced from more than 10,000 agencies across 130 countries. This means Onspring users will now have the means to easily review and align current regulations, citations, and updates with their internal policies and controls. Not just that, Regology will further put on the offer its generative AI regulatory compliance assistant who will be available 24/7 to address your questions or doubts. Then, there is Ascent, a partner tasked with automating the identification of company-specific rule changes and obligations for Onspring’s financial services customers. Such functionality should instantly turn any need for a constant manual review of regulatory documents utterly redundant. Hence, the beneficiaries here won’t just be have a fair shot at ensuring compliance and avoiding penalties, but they can also expect to streamline efforts concerned with the cause, cut back on costs that we usually have to bear, and in case that’s somehow not enough, they can also generate quick responses against potential regulatory changes. Next up, it’s time for us to dig into Black Kite and its Cyber Ratings. Upon integration, these Cyber Ratings will deliver at your disposal deep insights that can a long way when it comes to improving third-party risk resiliency feed into Onspring, including cyber grades, breach and ransomware indices, trend analysis, and compliance reports developed against standards like NIST 800-171, ISO 27001, GDPR, and HIPAA

“One of the most important aspects of GRC is ensuring your solution has the most reliable and accurate data possible to make risk decisions. By seamlessly ingesting risk intelligence from Black Kite – including company profiles, cyber grades, compliance reports, technical insights, and ecosystem data – Onspring users are empowered with cyber risk monitoring and quantification,” said Chuck Schauber, chief product officer at Black Kite. “Collaboration with Onspring signifies our joint commitment to enhance cyber risk management and foster a streamlined experience for organizations navigating the complexities of today’s digital landscape.”

The partnership provides a rather intriguing follow-up to Onspring’s recent achievement where it achieved the FedRAMP In Process Designation for Onspring GovCloud, a key milestone in the journey of receiving FedRAMP Authorization. Apart from that, the company also, just a few days ago, had launched its OMB A-123 Risks and Control software, the third product designed for federal agencies.

“With the version 27.0 release of Onspring, data ingestion from integrations with Black Kite, Regology, and Ascent, provide our customers with deeper views into their organization’s regulatory compliance status and potential third-party risks, in addition to automated corrective actions,” said Ryan Lougheed, Director of Product and Platform for Onspring. “The automation built around our new integration partners connects customers’ data for easy management, immediate reporting, and activation.”

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