Finance & Fintech
The financial sector faces several challenges – increased regulation, the need to be more innovative while keeping costs down, all against the backdrop of a competitive market full of new agile players. Companies need to find ways of getting ahead of the competition. Due to the sheer amount of data that requires strict regulatory oversight, combined with the high-profile nature of data breaches, concerns around security and compliance continue to be a significant stumbling block for the sector. However, in today’s competitive landscape, compliance is increasingly being viewed as a necessary hygiene requirement: a baseline obligation that is expected from customers and regulators.