Onspring, a leading provider of no-code SaaS GRC automation, has introduced version 27.0, a substantial stride in comprehensive automation solutions. This latest iteration integrates data from Black Kite, Regology, and Ascent, empowering organizations to automate pivotal functions like control testing, policy reviews, third-party analyses, and risk remediations. Such integrations aim to significantly reduce the time spent on regulatory change reviews, offering extensive efficiency gains.
The Platform Director of Onspring, Ryan Lougheed, highlighted the depth and breadth brought by version 27.0. He emphasized the integration of Black Kite, Regology, and Ascent data, providing users with enriched insights into regulatory compliance and third-party risks. Moreover, the automation of corrective actions streamlines management, reporting, and activation, substantially enhancing user capabilities. Within Onspring’s version 27.0, each integration is equipped with dedicated applications that facilitate automated workflows and provide detailed visual reporting. These comprehensive reports offer insights into relationships among various elements, including affected controls, linked policies, financial impact projections, and historical trends.
The key highlights of the integrations in this release encompass:
- Black Kite Cyber Ratings: Offering comprehensive insights to fortify resilience against third-party risks, including cyber grades, breach indices, and compliance reports aligned with standards like NIST 800-171, ISO 27001, GDPR, and HIPAA.
- Regology Regulatory Content: Providing users access to an extensive regulatory database spanning 10,000+ agencies across 130 countries, simplifying compliance management through AI-powered regulatory intelligence.
- Ascent RegTech: This integration automates the identification of rule changes and obligations specific to financial services, eliminating the need for manual regulatory document reviews. It facilitates compliance, cost reduction, and swift adaptation to regulatory alterations.
Mukund Goenka, CEO of Regology, highlighted the partnership’s potential to simplify compliance management, leveraging AI-powered regulatory intelligence alongside Onspring’s capabilities. Chuck Schauber, Chief Product Officer at Black Kite, emphasized the significance of reliable data in informed risk decisions. Seamless data ingestion enhances cyber risk monitoring and management, ensuring robust decision-making.
Jon Leitner, President of Ascent, reiterated how automation transforms compliance workflows for financial services, enabling agile responses to regulatory changes and enhancing policy and control management.
Onspring’s version 27.0 stands as a significant advancement in GRC automation, promising enhanced efficiency and insights for users while effectively streamlining critical processes.