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Managing Financial Services Risk & Compliance
The fast-growing RegTech industry is spurring an evolution in how financial service companies do business. Read this white paper to know more.
Overview
Financial institutions know all too well that risk in business is inevitable. Savvy financial institutions use the need to manage risk as an opportunity not only to gain the trust of their customers but to showcase their operational excellence and mature business approach. The fast-growing RegTech industry is spurring an evolution in how financial service companies do business.
RegTech is top of mind for financial institutions to comply with Sarbanes-Oxley, Basel II, Solvency II and Dodd-Frank, as well as guarding against data and security breaches. On average, tier-1 banks spend over $1B annually to safeguard themselves against compliance mandates.
A trusted IT services partner can make all the difference in managing risk scenarios such as incident management, IT risk, operational risk, cyber risk, disaster recovery, sustainability risk and vendor/third-party risk. Service providers can help these customers implement their governance, risk and compliance (GRC) program, gain a competitive advantage and reduce compliance costs.
Financial service institutions also need a trusted partner to help invest in new technologies while maintaining hyper-customer centricity. The right IT service partner can guide financial service companies to ensure innovation delivers what it promises.
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