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Data Governance in the Middle East (GCC) Financial Services Industry

Data Governance in the Middle East (GCC) Financial Services Industry  [ Author : Rinu Jacob (CIST, CIGE)] Abstract This paper researches into the critical role of data governance in the rapidly expanding Middle East financial services industry, where data generation and utilization have surged alongside the growth. The escalating challenges in data management, security and compliance necessitate a structured approach. Data governance emerges as the solution to these challenges, offering a systematic framework to ensure data accuracy, enhance regulatory compliance and cultivate trust within the industry. The thesis underscores the necessity of effective data governance for sustaining growth, stability and trust in the expanding Middle East financial services sector. The paper highlights the transformative landscape of the industry, data management challenges and the multifaceted benefits of data governance, including improved data quality, regulatory al...

Identity & Access Management (IAM) in the Banking Industry

Comprehensive  Identity and Access  Management  (IAM)  Framework    [ Author : Rinu Jacob (CIST, CIGE)] Abstract This paper presents a comprehensive Identity and Access Management (IAM) framework aimed at establishing standardized policies, procedures and controls for managing user access across organizational applications. The framework emphasizes the importance of confidentiality, integrity and availability of applications, while ensuring compliance with regulatory requirements. Key components include role-based access control, the principle of least privilege, segregation of duties and the implementation of multi-factor authentication. Additionally, the framework outlines processes for user access lifecycle management, monitoring, auditing, training and continuous improvement. 1. Introduction 1.1 Purpose The purpose of the IAM framework is to establish standardized policies, procedures and controls for managing user access to various applications w...