DATAECONOMY has established a CCPA framework to deliver on the Regulatory requirement, which provides a consumer's Right to Know, Right to access, Right to deletion, Right to opt-out, Right to equal service on the data the organization has on them. DATAECONOMY provided the data governance solution to address the regulatory needs along with developing a comprehensive solution for Data Certification for certifying critical data elements across multiple domains.
All the Banks and financial services organization were expected to comply with the CCPA regulation if they have customers who have a calfornia address. Organizations have to comply to the regulations by Jan 2020.
DATAECONOMY provided a comprehensive solution that developed API services to enable the delivery of PI information to the CCPA portal. There were 137 PI Domains discovered for CCPA compliance across the systems landscape. Data Governance solution provided a Data Certification framework for the PI Information to ensure that PI elements are defined well, their ownership, Data Lineage, Data Quality, SLA’s, Consumption Requirements, Data Provenance, etc. This framework cab be used across all Regulatory requirements like CCAR, BCBS239, etc
The organization was 100% Complaint with CCPA by Jan 2020, avoiding any financial penalties. Data governance solution also reduced the cost of regulatory projects by 30% - 40% for any Data Governance activities.