Putting data governance into action

Axway is building trust with companies worldwide by helping them navigate the complexities of data privacy and sovereignty regulations and put them into action. These regulations originate in the EU, but they provide a framework for companies everywhere that helps protect data, meet local and regional requirements, and build customer confidence.

A new Axway white paper goes into detail on these regulations, provides in-depth compliance guidance, and shows how Axway delivers solutions and partners with cloud providers to help customers stay in compliance and keep data secure.

Data privacy vs sovereignty: defining data governance

Data privacy, data sovereignty, and data governance are foundational principles in today’s digital landscape, shaping how personal and organizational data is managed across the globe.

Data privacy refers to the rights of individuals to control how their information is collected, used, shared, and stored.

Data sovereignty refers to how data is subject to the laws and governance of the country where it is collected.

Together, we group these two ideas into data governance—the overall management of data availability, usability, integrity, and security in an organization.

Data governance encompasses the policies, procedures, and standards that ensure data is handled in a way that complies with the legal and regulatory requirements and protects the privacy of individuals’ personal data.

As a proudly independent software publisher with European roots, Axway provides a robust set of solutions – along with expert guidance – to mitigate international data storage and processing concerns.

For a look at the related field of API governance, read this blog.

Data governance regulations: seeing the bigger picture

Recent data sovereignty rules in Europe reflect a shift towards stricter regulations, mandating not only what data is stored, but where it is stored. Related data privacy regulations continue to evolve, safeguarding information and ensuring that organizations handle data responsibly.

These complex and changing requirements have resulted in the creation of sovereign clouds—cloud providers that can meet the complex set of local regulations protecting sensitive data, removing significant burden from companies needing to comply.

Relevant current regulations include:

• The General Data Protection Regulation (GDPR) – implemented in the EU, GDPR is a comprehensive law that sets a high standard for data privacy and provides a foundation for other regulations.

• NIS Directive (NIS1 and NIS2) – ensures that essential service providers in the EU implement stringent cybersecurity measures and incident reporting protocols.

• Digital Operational Resilience Act (DORA) and Third Payment Services Directive (PSD3) – these focus on enhancing the operational resilience of financial entities and service providers.

• European Cybersecurity Certification Scheme (EUCS) introduces a certification scheme to improve the security of digital products and services.

• Framework for Financial Data Access (FIDA) facilitates secure and standardized financial data access. Learn more.

For a deeper dive into these important regulations, read the white paper.

Why customers trust Axway as a data governance partner

Axway’s robust approach to data privacy and sovereignty is designed to address the evolving challenges of the digital landscape, providing secure, compliant, and flexible solutions for businesses worldwide.

Uniquely positioned as an independent provider without regional or shared client conflicts of interest for cloud service providers, Axway stands apart by its dedication to the highest standards of data protection.

The comprehensive suite of Axway cloud services is tailored to meet varying levels of security and compliance needs. Our public SaaS offerings ensure that sensitive corporate data remains within designated regional limits, adhering to international protection laws.

And for organizations with more stringent requirements, Axway’s private SaaS solutions provide a dedicated single-tenant environment across a global network of AWS and Azure data centers, ensuring data is stored and managed within specific geographic boundaries.

Additionally, Axway’s strategic partnerships enable the implementation of sovereign cloud services, delivering solutions that are managed by customers to maintain the highest levels of data control and compliance.

Recently, Axway MFT General Manager Meetesh Patel discussed the evolution of SecNumCloud implementation and how our teams have accompanied customers in their implementation.

Axway experts work with cloud providers to facilitate the installation of its products on sovereign clouds. All part of why customers trust Axway us with their most sensitive information.