The world of regulation is constantly evolving. IDX can help you understand & comply with regulatory challenges and strengthen trust in your industry.
Risk and Regulatory Services
Regulated industries continue to evolve and so do the regulations that govern them. Technology, information systems, and the digital eco-systems of these industries are equally affected by these changes. We can help you understand & comply with regulatory challenges that impact your use of technology while strengthening trust with your customers.
Keeping pace with regulatory change
Today’s shifting business landscape demands trust and has placed governance and compliance at the top of most boardroom agendas. It is essential to ensure compliance with law and regulation in order to demonstrate trustworthiness.
All regulated and designated businesses face regulatory challenges, regardless of size or sector. Breaching regulatory obligations can mean penalties, sanctions and they can lead to irreparable reputational damage. Taking a proactive approach to ensuring your digital ecosystem maintains regulatory compliance is one of the best ways businesses can prepare and respond to these changes to mitigate risk and protect themselves.
We use our experience working across to advise and assist our customers with practical solutions to ensure your compliance with the regulations that apply to your business and to meet the expectations of and build trust amongst your stakeholders.
Compliance and Regulatory Assessments
If you are part of a regulated industry, you know it’s a necessary process. After all, that’s why you’re here reading about compliance and regulatory assessments. Regardless of which industry you’re operating in, you know you may be audited at any given point. And if an auditor comes knocking and finds that you’re not following a specific requirement, you can face:
Why Risk Being Non-Compliant
You’re a growing enterprise, and sometimes, it’s not easy to stay on top of ever-evolving regulatory requirements, particularly as it applies to your digital ecosystem. In fact, it’s downright time-consuming and burdensome, especially if you’re struggling with limited resources that need to be paid a salary, benefits, and other expenses to stay on top of the regulatory requirements demanded of your business
Our Regulatory Advisory team has expertise in Telecom, Oil & Gas, Production and Retail Cannabis, Healthcare, and Government. Our services focus on IT systems and Digital Ecosystem regulatory compliance and include:
Reviews any current or pending regulatory change against your existing IT and Digital ecosystem architectures, implementations, and operations.
Reviews current Government or Regulatory body regulation specifications and directives and provides guidance on response or action plans that should be considered for your business.
Reviews existing IT and Digital ecosystem architectures, implementations, and operations against industry regulatory guidelines. Identifies compliance levels, enumerates gaps, and defines strategies to remediate any deficiencies.
Develops guidance on strategies for applying any remediation plans to meet desired/required compliance levels or prepares for a pending audit.
Develops a remediation plan, establishes a remediation task force, and offers resources to execute the remediation activities.
IDX IT and Digitial Ecosystem Compliance Advisory services cover the following domains: