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Sigma Computing Meets Rigorous Third-Party Risk Management Requirements of Financial Institutions

SAN FRANCISCO - April 13, 2021- Sigma Computing, an innovator in cloud analytics and business intelligence, today announced that TruSight has performed a comprehensive risk assessment of the company’s platform and made it available to financial institutions considering Sigma. The completed assessment provides high-quality, fully validated data on the Sigma platform based on a standardized, industry-backed control assessment methodology. Sigma’s decision to undergo the assessment demonstrates the company’s commitment to meet data security industry control standards and provide transparency into their control environment, ensuring that their customers can be confident when selecting Sigma.

“Sigma is the only cloud-native analytics and BI solution that enables anyone to explore live data at scale, down to the most granular level, in a spreadsheet-like environment, making it ideal for financial institutions,” said Sigma Computing CEO Mike Palmer. “We have been committed to upholding the most stringent security standards since day one and we are always looking for ways to make the procurement process easier for our customers. The TruSight assessment provides an additional level of transparency for financial institutions that want to start using the platform securely and without delay.”

The TruSight assessment methodology includes 27 diversified control domains that were designed to meet the industry’s needs across the information and cybersecurity, privacy, business resiliency, and other operational risk domains, eliminating the need for duplicative assessments. TruSight conducted a rigorous onsite assessment of Sigma’s cloud-native analytics and business intelligence application to validate the design and implementation of controls according to the methodology’s requirements. The comprehensive validation procedures included structured inquiries, policy and procedure inspection, evidence-based validation, and onsite dynamic control observations and validation.


ABOUT TRUSIGHT

TruSight is the industry’s leading third-party risk management (TPRM) utility platform, facilitating efficient, cost-effective collection and consumption of accurate risk data. Developed and backed by five of the largest global financial institutions, including American Express, Bank of America, JPMorgan Chase, and Wells Fargo, the TruSight methodology standardizes the risk assessment process to deliver the highest quality data, enabling financial institutions to gain greater visibility into supply chain resilience.


ABOUT SIGMA

Sigma is the only cloud analytics and business intelligence platform empowering business teams to break free from the confines of the dashboard, explore data for themselves, and make better, faster decisions. The award-winning platform was built to capitalize on the performance power of cloud data warehouses to combine data sources and analyze billions of rows of data instantly via an intuitive, spreadsheet-like interface - no coding required. Sigma automates workflows and balances data access with unparalleled data governance to make self-service data exploration safe for the first time. www.sigmacomputing.com


Media Contact
Allyson Scott
Allyson@SigmaComputing.com

svgImg Coronavirus Statement

Coronavirus Statement

Our highest priority at TruSight Solutions is to maintain health and safety, and we are closely monitoring the global situation regarding the spread of coronavirus (COVID-19.) At the same time, we remain steadfast in our commitment to deliver assessment products of the highest quality for our customers and assessed parties. In light of these dual goals, this statement addresses precautions and strategies that TruSight is implementing with respect to on-site assessments and the assessors who conduct these facility visits.

Assessors who have been assigned to conduct on-site assessments have attested that they have not traveled in the past 30 days to a country with a Level 2 or Level 3 designation from the U.S. Centers for Disease Control and Prevention. (A Level 2 alert is for enhanced precautions, and a Level 3 warning is to avoid non-essential travel.)

Upon request, each individual assigned assessor will confirm this assurance in writing via email.

Any assessor currently conducting an assessment in an affected country is bound by the country’s domestic regulations and will remain in that country as long as required.

Assessors have been instructed to escalate any personal travel concerns to their manager. Individual concerns will be respected and assignments adjusted accordingly.

For reasons of health and safety, there could be a delay in conducting an assessment and/or delivering a product where a country is prohibiting travel or otherwise inhibiting movement that is necessary for such assessment. In this event, we will inform impacted vendors and customers as soon as we become aware of the situation. We may also propose performing a remote assessment in lieu of an on-site assessment and making adjustments accordingly.

As the coronavirus situation quickly evolves, TruSight is closely following developments from the World Health Organization, U.S. Centers for Disease Control and Prevention, and other domestic and international bodies. If you have questions or concerns, please reach out directly to your TruSight contacts.

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