CPS 230 compliance is non-negotiable for financial institutions. It requires entities to identify critical operations and document their processes and resources including people, technology, information, facilities and service providers.

Entities are expected to underpin operational risk assessments with clear documentation of these processes and resources. They need to conduct scenario analysis and keep records of how changes to these resources in the operating environment (e.g. a disabled supplier or technology) could affect their ability to operate.  

Creating clarity of the processes and resources can be challenging – the disparate pieces of information are often held in different places and systems across the organisation, and sometimes might not exist at all. 

This vast information needs to be consolidated, governed with clear stakeholder accountabilities, and kept up to date at all times.

This is where Holocentric Connect comes in – it enables teams to collaborate and manage process and resource information for CPS 230 compliance easily.

• Seamlessly capture and link key resources including technology, information, people, facilities and service providers to processes that make up your organisation’s critical operations.
• Holocentric Connect enables organisations to consolidate resource information from multiple business areas and systems to provide a single view of the operating environment.