Digital
Risk Management
Businesses today face many challenges stemming from the rapid changes in technology, regulatory risk and compliance. The traditional approach to these issues—governance, risk and compliance (GRC), enterprise risk management (ERM), and integrated risk management (IRM)—doesn’t take the growing presence of digital tools into consideration. These play an increasing role in managing risk by assisting with workflow development, audit processes, cybersecurity management and more. As operations, governance, compliance, risk management and technology continue to overlap, organizations must think dynamically about how they use these tools to create business value for clients.
The catalysts driving change in operations require a pivot away from the traditional and toward the digital. Digital Risk Management (DRM) aims to expand upon existing practices in GRC/ERM/IRM, embracing the new working methods of contemporary enterprises while illuminating and mitigating the risks associated with these automated platforms.
A well-constructed DRM strategy and program can enable organizations to thrive in the face of the evolving risk landscape. At EPAM, we take a comprehensive, proactive approach to compliance as a code, which encompasses all the areas of risk, compliance and governance within the full systems development lifecycle—helping to integrate DRM into the entire Business IT ecosystem.
FAST FACTS
10+
Years of DRM
Product Engineering & Consulting
10
DRM Platforms
Co-Created with Our Clients
5
Partnerships with Top
DRM Technology Platforms
Industries Served
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- Financial Services
- Insurance
- Healthcare
- Energy & Utilities
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- Manufacturing
- Retail & Distribution
- Business Information Services
Our Customer Solutions
SECURITY
Security
Built out SOC, ISO, HITRUST, HIPAA, GLBA, FEDRAMP and other regulatory processes and procedures, and prepped for certification and final audit alongside EPAM’s Cybersecurity practice
LEGAL
Legal
Implemented a comprehensive solution for a large pharmaceutical company to ensure quality management and control from purchasing to delivery in accordance with strict GMP compliance, enabling them to significantly reduce the full work cycle at every stage
DATA ANALYTICS
Data Analytics
Examined the current infrastructure and built a new, robust and scalable security and compliance monitoring system on top of Splunk Enterprise Security for security auditing, monitoring and control for a large financial information firm
INTERNAL AUDIT SUPPORT
Internal Audit Support
Performed security testing on several connected applications that store personal health information in preparation of a HIPAA audit, including Black Box and Gray Box testing, and provided a remediation report with recommendations
PAYMENTS
Payments
Designed and developed a mobile payments application and prepaid digital enablement platform (PDEP), which was integrated into the customer’s loyalty program platform and within the Pivotal Cloud Foundry (PCF) environment
INSURANCE
Insurance
Completed an assessment of the DRM toolset for a large American health insurer, which included gathering and synthesizing inputs about current and desired capabilities, evaluating overall maturity, analyzing gaps, and developing a coherent roadmap strategy and implementation plan.
EPAM’s DRM Capabilities
We consult with your business from the very beginning of your DRM journey, working across all domains and disciplines and then implementing the right processes, methodologies and technologies to help you achieve your goals.
SYSTEMS INTEGRATION
INTELLIGENT AUTOMATION
DATA VISUALIZATION
PLATFORM IMPLEMENTATION
DATA GOVERNANCE MANAGEMENT
DRM TRAINING
PLATFORM PARTNERS
FEATURED STORIES
Podcast
EPAM CONTINUUM
Podcast
Silo Busting 29: The Value of DRM with Padraic O’Reilly
Read more
