Our client, a major U.S. bank, needed a global records management system to support governance activities. The bank has over 2 million gigabytes of data to be managed. Further their system requirements were different between lines of business and between countries originating the information.
To facilitate the bank’s launch of enterprise-wide records management governance. The motivating forces behind the project included: reduction of operating costs, reduction in operating risk and the ability to satisfy regulatory scrutiny around records management
The records management system needed to support the governance of physical records, structured digital records from transactional systems and unstructured digital records from systems like email and SharePoint. Finally, the system had to support overriding preservation requests from bank legal staff or federal regulators.
FiRisk Consulting provided a framework for the bank to drive its implementation.