Secure. Compliant. Innovative. Responsive. Customer-Focused. Resilient. Agile. How well do these words describe your financial services company? Are you where you want to be? Where you need to be?
If you’re thinking that achieving all of those objectives at the same time is tough, you’re right – and you’re not alone. Navigating regulatory compliance requirements is not for the faint of heart, but meeting those requirements only keeps you in the game. You also have to deal with changing consumer demographics and expectations, more frequent and more sophisticated threats of cyber-attack, risks and costs associated with legacy systems, and disruptive innovation in financial technologies.
Whether you are a bank, a mortgage company, venture capital company, or any one of the myriad of businesses that touch, store, aggregate, or come in contact with your client’s personal or financial data, information security has never been more important. New regulations for the handling and storage of non-public information (NPI) and personally identifiable information (PII) – and ever increasing consumer awareness – mean that even a small misstep can lead to fines, possible litigation, and significant damage to your brand. On the flip side, aggressively “getting it right” can build customer confidence, create brand loyalty, and put you ahead of your competition.
Information technology is at the root of both the challenges and the opportunities of a digital marketplace. If you wait too long to adopt and adapt, a competitor is just a click away. Yet rushing headlong into a mass deployment of a new or unproven technology can have its own catastrophic results. Let Bytes of Knowledge help you navigate the landscape.