Software AG releases GDPR compliance platform

German software firm develops product to help companies comply with European data regulation. Financial firms are most in need of a solution says CTO.

Digital transformation firm Software AG, headquartered in Darmstadt, Germany, has created a framework for General Data Protection Regulation (GDPR) compliance. The product will provide reports, workflows, and surveys for data categorisation in order to help comply with the regulation. The GDPR is a piece of European Union legislation that comes into force in May 2018 that aims at protecting consumers by mandating that all data used within firms, including data used in testing, is anonymised and secure.

Matt Smith, CTO for Northern EMEA, Asia and Pacific, and South Africa at Software AG said that the product is particularly useful for financial firms because of the large amount of data they must process. “We see it as one of the key sectors that would require a product to help them manage data effectively and efficiently to ensure compliance,” said Smith.

According to Software AG the product enables firms to comply to the regulation while continuing their digital transformation by enabling them to: “Establish a governance, risk and compliance (GRC) framework to internally communicate guidelines and procedures for GDPR compliance, as well as monitor adherence to these.”

The solution is designed to help firms comply by tackling the problem of large amounts of data distributed throughout a company that are they do not have oversight over. The product supports increased control over data by creating a record of data processing activities and increasing transparency into these processes.

Smith said that the platform would also help firms manage their test data. Firms use customer data to execute test scenarios, and the GDPR will bolster the protection of this kind of sensitive data.

“Application owners also need to provide evidence as to which tests have been conducted when and by whom, what the results were and what actions – if any – have been concluded based on these results,” said Smith. “Our platform supports this by providing the data structure to capture key information about the tests being conducted and the results.”

Smith added that the platform can also help track changes to test plans and procedures: “While most companies track incidents, they typically do a less good job of understanding what changes need to be applied to the test practice. Software AG also manages governance around this in our platform.”

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