Page 51 - Annual Report 2022 EN

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Modernisation of Applications
Keeping up with the latest technological trends,
the QFCRA continued its journey through the
cloud by discovering a new realm of modernising
applications. The adoption of cloud-native architectural
principles, refactoring code and implementing
new technologies, improved the functionality and
automation of its e-forms and services, targeting
the Enterprise Resource Planning (ERP) system,
Financial Institution Regulatory Management System
(FIRMS) and the QFCRA’s Translation System.
Cloud Based Management Platform
To help optimise the Strategy and Risk division’s
project management plan, the cloud-based platform
Project for the Web was introduced as a new project
management solution, assisting the division with
generating data-heavy reports and dashboards.
Project for the Web played a critical role in bringing
together various stakeholders from the financial
sector and driving cooperation and collaboration
under the Third Financial Sector Strategic Plan.
Enforcement Case Management System
In 2023, the IT department assisted the Enforcement
department with the adoption of an automated system
responsible for improving the departmental processes of
legal case management and further related matters. The
system extracts data from the Supervision department’s
Entity Relationship Diagram (ERD), whistleblowing,
and CDRS e-forms to build a case and uses the
built-in features of folder structure management
and reports generator to streamline the process.
System Optimisation
In 2023, the QFCRA revamped the Supervision and
Authorisation’s Correspondence Management System,
responsible for tracking and recording communications
with firms, organisations and other regulators. The new
system underwent structural changes that created
a more user-friendly experience featuring unlimited
correspondence linking, easy navigation, an organisation
tool in the form of a task bar tracker and introduced a
diverse range of business information dashboards.
T ABLE OF C ONTENT S
National Cyber Drill 2023
Under the theme of “Secure Your Data”, the QFCRA
participated in Cyber Drill 2023 hosted by the
National Cyber Security Agency (NCSA). The drill
assessed the individual, procedural and technological
cyber capabilities of organisations and their level
of compliance with national data security policies.
The report issued following the drill indicated an
excellent performance by the QFCRA’s drill team,
surpassing the sectoral and national standards.
Cyber-Security Awareness Training
In its continuous efforts to uphold the highest standards
of cybersecurity and crisis management practices, the
QFCRA conducted cybersecurity awareness sessions for
all its employees to promote safe practices. The sessions
aimed to enhance employees’ knowledge and skills on
how to prevent, detect, and respond to cyber threats
that may compromise the QFCRA’s data and systems.