NEW YORK, New York, DECEMBER 03, 2018 / PRWeb / –Innovest Systems, LLC (“Innovest”), a leading provider of financial technology solutions, announced today that it had become FedRAMP assessment ready in less than 6 months. Innovest engaged with Coalfire, a provider of cybersecurity advisory services, utilizing their Federal Risk and Authorization Management Program (FedRAMP) consulting and engineering service and using AWS Security Automation and Orchestration (SAO) methodology. Coalfire is one of the security providers to collaborate with AWS in developing the SAO methodology, which helps reduce risk and ease the burden of deploying solutions that meet FedRAMP compliance.
Using the new AWS SAO methodology, Coalfire completed Innovest’s FedRAMP SAO cloud migration and documentation in far less time than traditional approaches that can take 12 months or more. Innovest is pursuing a FedRAMP Agency Authority to Operate (ATO) through a civilian agency within the AWS GovCloud (US) region.
“We are very pleased to have engaged with Coalfire and AWS to accelerate our FedRAMP process. Their approach allowed us to meet our deliverables and exceed our client’s expectations. We have also gained valuable experience and insights into the process that will enable us to bring FedRAMP readiness to a broader audience,” said Joanne Smith, Chief Operating Officer at Innovest.
ABOUT INNOVEST SYSTEMS
Innovest Systems, LLC is a leading provider of financial technology solutions delivered to forward-thinking trust, wealth management, and retirement professionals. Innovest’s solutions empower its clients to acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results to customers. Innovest has over $600 billion in assets under administration on its trust and wealth management platform servicing over three hundred global financial institutions.
The Innovest Trust & Wealth Management Solution provides a Software-as-a-Service (SaaS)-based principal and income accounting, investment management and reporting system for institutions that need to control, account for and report on assets held in trust, wealth and retirement accounts. The Trust & Wealth Management Solution is comprised of the InnoTrust and InnoVue offerings from Innovest. InnoTrust is browser-based and is the core application deployed by Innovest to support the accounting and reporting needs of banks, trust companies, wealth management firms, retirement plan administrators and custodians. InnoTrust is also webservices/API enabled to more readily integrate with internal programs and third-party applications. InnoVue is browser-based and provides access for end clients to view account information anytime, anywhere.
Coalfire is the trusted cybersecurity advisor that helps private and public-sector organizations avert threats, close gaps and effectively manage risk. By providing independent and tailored advice, assessments, technical testing and cyber engineering services, we help clients develop scalable programs that improve their security posture, achieve their business objectives and fuel their continued success. Coalfire is the leading FedRAMP Third Party Assessment Organization (3PAO) with over 80 cloud service provider (CSP) clients achieving a FedRAMP JAB P-ATO or Agency ATO. Coalfire’s FedRAMP advisory team works with many other CSPs to prepare, design and document systems for FedRAMP. Coalfire has been a cybersecurity thought leader for more than 17 years and has offices throughout the United States and Europe.