16 SaaS Security Best Practices & Operating Procedures for U.S. Banks

Palette and Project Hosts have published the 16 operating procedures and best practices banks require when providing secure AP automation and Purchase to Pay automation SaaS services.

Chicago, United States - February 26, 2020 /PressCable/ —

Palette and Project Hosts have published a whitepaper outlining the 16 operating procedures and best practices every bank requires for offering secure AP Automation and Purchase to Pay SaaS services.

New technologies are driving innovation and disrupting financial services faster than ever before. In the face of FinTech start-ups encroaching upon established markets, executives are demanding more from their IT departments.

Many financial services organizations are digitally transforming their operations by deploying state-of-the-art technologies for fraud prevention, business processes improvement, regulatory compliance, and spend management. One target of FinTech is the elimination of paper processes and lengthy approval cycles with accounts payable automation.

As well, Purchase to Pay platforms allow companies to control, regulate, and automate their indirect purchasing policies.

“Financial services institutions are uniquely positioned to take advantage of client demand for integrated invoicing and payment services,” said Michael Cichy, Palette Software, “Providing AP automation and Purchase to Pay automation gives banks access to a new and exciting range of services to attract new clients, increase retention, and maintain a competitive edge.”

Palette and Project Hosts have made available SecureCloud P2P, an ultra-secure white label AP Automation and Purchase to Pay cloud service for banks and financial institutions. The two companies came together to design and deploy both private and public cloud environments offering unparalleled uptime, infrastructure, security, compliance, and support.

Following a risk-based approach with multiple layers of security and best practices, SecureCloud P2P’s host environment encompasses a set of 16 necessary operating procedures and practices that continuously evolve according to industry trends and regulatory policies.

To get your copy of the whitepaper outlining these procedures and practices, go to: https://www.palettesoftware.com/whitepaper/bank-security-standards/

About Palette Software

Palette Software is a market-leading vendor of financial process automation for domestic and global corporations. Palette solutions automate the connecting and matching of purchase orders, invoices and contracts, on-premise or in the cloud. Customers experience significant and measurable cost savings, productivity gains and operational excellence. Palette solutions are GDPR compliant and optimize financial management for more than 4,000 customers in 50+ countries. With 25 years of experience, Palette and its partners offer automation solutions for organizations of all sizes worldwide.

palettesoftware.com

About Project Hosts

Project Hosts implements security and compliance on Microsoft Azure for the US Federal government, healthcare organizations, financial institutions and commercial enterprise. Project Hosts’ pre-audited environments give organizations turnkey compliance for their applications, removing a key barrier to migration from on-premise deployments into Azure.

Project Hosts environments hold certifications and authorizations from ISO 27001, HIPAA, HITRUST, FedRAMP, and the DoD, including a DoD IL5 PATO. Project Hosts is just 1 out of 7 companies to achieve this authorization.

Healthcare organizations, federal, state and local government agencies, financial institutions and commercial enterprises rely on Project Hosts to ensure they have a cloud solution that meets their business needs, their budget and most importantly, protects their organization, employees and data from unauthorized access or theft.

projecthosts.com

Contact Info:
Name: Michael Cichy
Email: Send Email
Organization: Palette Software Inc.
Address: 330 North Wabash Ave. 23rd Floor, Chicago, Illinois 60611, United States
Phone: +1-508-341-8101
Website: https://www.palettesoftware.com

Source: PressCable

Release ID: 88947937

More News From The Journalist Report

Taliban council agrees to cease-fire in Afghanistan

Apr 10, 2020

KABUL, Afghanistan — The Taliban said Sunday they have agreed to a temporary cease-fire nationwide. It provides a window during which a peace agreement with the United States could be signed. A peace deal would allow Washington to bring home its troops from Afghanistan and end its 18-year military engagement there, America's longest. The U.S. wants any deal to include a promise from the Taliban that Afghanistan would not used as a base by terrorist groups. The U.S. currently has an estimated 12,000 troops in Afghanistan. The Taliban chief must approve the agreement but that is expected. The duration of...

Mexico farm town prepares funerals after 9 Americans slain

Apr 10, 2020

LA MORA, Mexico — Under a strong security presence, this remote farming community prepared to hold the first funerals Thursday for some of the nine American women and children killed by drug cartel gunmen. Dozens of high-riding pickups and SUVS, many with U.S. license plates from as far away as North Dakota, bumped across dirt and rock roads over desert, arid grasslands and pine-covered mountains Wednesday as night fell on this community of about 300 people. Many of the residents are dual U.S. and Mexican citizens who consider themselves Mormon but are not affiliated with The Church of Jesus Christ...

Demonstrators demand halt to killings of women in Mexico

Apr 10, 2020

MEXICO CITY — Relatives of women and girls murdered or missing in Mexico marched through the capital Sunday carrying over 100 purple crosses inscribed with the names of victims, demanding justice for their loved ones and improved efforts to investigate their cases. Bearing T-shirts and signs with photos of the victims, they walked behind banners and chanted the victims' names as they headed for the sprawling main square, the Zocalo, to set up an offering near a massive altar erected to mark Dia de Muertos, or Day of the Dead. "Not one more killed!" they cried. "Our daughters, where are...

The Latest: Iraqi officials: 2 protesters killed in Baghdad

Apr 10, 2020

BAGHDAD — The Latest on anti-government protests in Iraq (all times local): 3 p.m. Iraqi officials say two protesters have been killed and at least 105 have been wounded in clashes with security forces in central Baghdad's Tahrir Square. At least 72 protesters have been killed since nationwide anti-government protests resumed on Friday, after an earlier wave of demonstrations this month saw 149 killed. The protesters are demanding the resignation of the government, which they blame for corruption, economic stagnation and poor services. Iraqi security and medical officials confirmed the latest casualties on Monday, speaking on condition of anonymity because...

Ukrainian leader felt Trump pressure before taking office

Apr 10, 2020

KYIV, Ukraine — More than two months before the phone call that launched the impeachment inquiry into President Donald Trump, Ukraine's newly elected leader was already worried about pressure from the U.S. president to investigate his Democratic rival Joe Biden. Volodymyr Zelenskiy gathered a small group of advisers on May 7 in Kyiv for a meeting that was supposed to be about his nation's energy needs. Instead, the group spent most of the three-hour discussion talking about how to navigate the insistence from Trump and his personal lawyer Rudy Giuliani for a probe and how to avoid becoming entangled in...

About Us

The Journalist Report publishes timely news updates around the clock. We have a group of journalists around the globe to deliver the latest news around so that we can get our users connected.

Contact us: sales[at]thejournalistreport.com

Subscribe Now!