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State of RegTech - Part 1: Emerging Categories

Emerging Categories

Since the emergence of the term RegTech in mid 2015, we have been actively monitoring the market as well as shaping it as much as we can through our product Alyne and thought leadership in this space. In the following, I would like to share my observations by attempting a categorisation of some of the players and providing some predictions for the future of the market and giving some insights into our own strategy at Alyne for the next months and years in the following blog posts of this series.

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overview of new features with different tiles

Funnels - Alyne's new risk-driven workflow module

Summary

Alyne proudly presents its new product module Funnels. Funnels let you categorise Applications, Vendors, Contracts and other objects with a standardised workflow. Based on the outcome of such a funnel run, customisable actions ("Triggers") are launched, e.g. sending email notifications or even automatically launching Alyne assessments to the object owners.

Use Case Scenarios

  • Information Classification
  • Application Protection Need Assessments
  • Vendor Protection Need Assessments
  • Business Impact Assessments
  • Identification of Commissioned Data Processing ("Auftragsdatenverarbeitung")
  • Privacy Impact Assessment
  • and many more.
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different tools assembled

Custom Controls now available

Summary of Changes

new data lass prevention control from template

1. Custom Controls

We are introducing Custom Controls in addition to our Alyne Library. Alyne customers can now edit and copy Controls - to be used in Control Sets and Assessments. This will be extended even more in the upcoming releases.

Custom Control Statements

2. A set for Custom Controls

The new Custom Controls need a home where you can easily manage your customised controls. We built that home for you.

Fine risk report - custom controls

3. Edit Report details

We now allow to edit the Report title and description while we still ensure the integrity of all the underlying core Report data.

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different tools assembled

New features for the Report: Deviation Radar

Summary of Changes

Acutal deviation radar - report with different sections

Deviation Radar

The Deviation Radar is a new Report section that lets you quickly scan the deviations by topic and - via drill down - by subtopic. A gorgeous feature.

Deviation radar overview

2. Further export functions

We extended our export capabilities to a status overview of all responders of an assessment and to the objects of one responder. This should cover all your needs while exporting assessments.

Question mark on a background full of stardust

3. Upcoming Features

We are currently working on bigger feature sets that represent completely new modules of the Alyne GRC offering and require our main attention now. Stay tuned, they will be awesome.

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