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To compete, financial institutions are investing heavily in digitaltransformation. Secure digital payments leveraging biometrics, tokens, and context-based security. The full digitization of contracts, subscriptions and consumption of services. Accelerating digitaltransformation.
Digitaltransformation is changing the way we live and work, both in India and around the globe. DigitalTransformation is Well Underway. Banking, financialservices, media, insurance, and e-commerce companies have the lead in transformational initiatives in India.
But today, the rise of online banking, digital applications, and challenger banks has caused significant disruption across financialservices. The COVID-19 crisis has put pressure on banks to improve their digital offerings as lockdowns have forced customers to turn to online banking rather than physical, in-store experiences.
The fact is, bad actors make plans and prey upon unprotected data – a very valuable currency. Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-FinancialServices Edition. financialservices organizations is slowing.
The responsible use of GenAI, and adoption of PPT play a crucial role in aligning with DORA legislation while safeguarding sensitive data. Balancing resilience with dataprivacy becomes more complicated, and never before have vendor and advisor partner ecosystems become more valuable. The world has changed.
Here are key takeaways: Security benefits Protect the data itself. Yet in the age of Big Data and digitaltransformation many organizations still don’t do this very well. For a full drill down, give a listen to the accompanying podcast. Sounds simple enough.
They must harness all that data to compete in the rapidly evolving global financialservices ecosystem. Assure data compliance. Find and protect sensitive data and personally identifiable information. Achieve near-zero data refresh times.
In the financialservices industry, the opposing dynamics of fintech companies and banking organizations create the perfect storm of risk. In a similar vein, while banks are striving to continuously deliver new and enhanced digital experiences, human interaction still matters. “At Listen to the full presentation here. .
This inconsistency can expose sensitive information, particularly in financial institutions where APIs often process personal and transactional data. This is because dataprivacy laws require organizations to secure sensitive information and maintain audit trails. Learn how to today.
The financialservices industry is arguably one of the most highly regulated sectors worldwide. This is due to the sensitivity of the data handled, the potential for widespread economic disruption, and the industrys central role in global financial stability.
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