In a bid to realize business goals and objectives, it is imperative for financial services institutions to ensure alignment with IT environmental changes, enable effective operations, and meet a slew of regulatory requirements.

CEOs and CTOs of most companies are faced with the following challenges:

  delivering value from IT rather than merely supporting
   business goals

  addressing the globalization needs of IT

  reducing TCO and increasing ROI

  need for resources with multi-domain expertise in process
   models, risk management and IT regulations, apart from
   technical competency

This calls for a comprehensive approach that integrates various disciplines of risk management, process model implementation, and an in-depth understanding of regulations and the dynamics of the evolving technology environment. SOX, Basel II, FFIEC, GLBA, CMMI, ITIL, COBIT, ISO 27001 and Six Sigma are some of the best practices that are helpful in addressing these needs.