Zymr partnered with the bank to deliver a multi-framework compliance assessment and transformation program. Our goal was to unify fragmented controls, reduce costs, and embed compliance into the bank’s digital strategy.

Integrated Assessment

We began by cataloging every existing control mapped to SOX, GLBA, and state laws. Using a control harmonization framework, we identified overlaps and redundancies. For example:

• Encryption controls were documented separately for SOX and GLBA, but technically identical.
• Privacy disclosures required under state laws overlapped with GLBA confidentiality requirements. The output was a compliance matrix showing where one control could satisfy multiple regulatory obligations.

Unified Control Library

We then worked with stakeholders to consolidate overlapping controls into a centralized compliance library. This included:

• Identity and Access Management: One standardized process for user provisioning, periodic reviews, and de-provisioning, satisfying both SOX and GLBA.
• Logging and Monitoring: Unified standards for transaction monitoring across financial and customer data systems.
• Vendor Risk Management: A single due diligence and ongoing monitoring process, covering requirements across all frameworks.

This library was embedded in the bank’s governance processes, ensuring consistency and eliminating duplication.

Streamlined Reporting

Zymr designed a compliance reporting framework that pulled evidence automatically from core banking systems, IAM tools, and ticketing platforms. Dashboards were built for compliance officers, giving them real-time visibility into control status. Instead of producing separate reports for each regulator, the bank could now generate tailored outputs from one central evidence repository.

Compliance-by-Design for Digital Projects

Zymr embed risk and compliance checks directly into the digital transformation lifecycle to prevent compliance from slowing innovation. For example:

• Mobile banking features were reviewed against GLBA privacy rules at design stage.
• Online lending workflows were validated against SOX reporting requirements before release.

This ensured that compliance was baked in, not bolted on, reducing rework and launch delays.

Training and Governance

We helped establish a compliance governance committee comprising representatives from Risk, IT, Product, and Legal. This group met monthly to oversee compliance alignment and resolve conflicts. Zymr also delivered targeted training, engineers learned how CI/CD changes are linked to SOX evidence, while risk teams were trained on using the new dashboards.

The program delivered measurable impact across cost, compliance, and business agility:

• 23% reduction in compliance costs, achieved through control consolidation and automated evidence collection.
• Zero findings in the next regulatory examination, a milestone for the bank.
• Digital initiatives, including mobile payments and online lending, launched without compliance-related delays.
• Compliance officers shifted from reactive report-building to proactive risk advisory, increasing their strategic value to leadership.

The bank transformed compliance from a resource drain into an enabler of secure digital innovation.

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