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Banks to Test Open-Source RegQ

The platform provides an XML schema, which is based on the Standardized Information Gathering (SIG) document that CSI licensed from financial services consortium BITS' Financial Institution Shared Assessments Program, and a user interface (UI) to generate and accept SIGs.

The first firm will be deploying the platform behind its firewall to test system-to-system acceptance of SIGs, says Evan Bauer, CTO of CSI. Once running, the bank will use it to generate its own SIG documents that it will

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