IT Support For The Financial Services Industry
For accounting firms and financial services firms, technology has become a significant differentiator. To attract and keep both clients and talented employees, you need to financial IT services that provide the peak performance technology that they expect for a competitive edge.
But it’s difficult to keep on top of all the new technologies that are available, and to be an expert on them. Financial institutions can gain immediate access to the latest expertise and guidance by outsourcing IT services to assist with their digital transformation.
Another enormous concern for the financial industry is security risks. From 2017 to 2018, data violations involving financial companies increased by 480 percent. Cybercrime now costs the financial services sector more than any other industry without an end in sight.
For financial companies, the ever-changing regulatory compliance environment poses another challenge. The latest array of laws and regulations is driven by the mass breaches and real time disruptions that have occurred in recent years. It’s difficult to keep up!
If you are looking for a Managed IT Services Provider with extensive experience who can not only assist you with your daily needs, but also provide you with the right balance of managed cyber security services, fill out the form and set up a consultation to learn how we can assist.
Data Protection for Financial IT Services
The first step is to carry out a thorough evaluation of your current environment and come up with a recommendation for the safety measures that need to be put in place. From new security software solutions to employee training, a detailed Plan of Action will outline exactly what needs to be done to keep your data as secure as possible.
Creating A Strategy For IT Solutions
A look at your overall infrastructure is the next step. To ensure that you don’t pay for unused equipment or programs that you no longer use a detailed inventory will be done, or that may jeopardize your safety or productivity. New instruments that can help improve business processes and improve effectiveness can also be recommended.
Maximum Uptime
Your customers expect zero interruptions in their banking transactions, which is why it is so important to have a reliable IT infrastructure that is reliable. In the event of an incident (a natural disaster, a failure of the equipment or a breach of safety), you need a monitoring partner, procedures and personnel to react and respond immediately. The result is minimized downtime so that you can provide uninterrupted service to your customers.
Employee Productivity
More than ever, your employees rely on technology and nothing hinders productivity, like a network that is down or a slow and unresponsive computer. That’s why you need a partner to be proactive in the maintenance of your IT infrastructure. The right partner will have a maintenance plan to ensure that your network is in the best working condition, which means that your employees can serve customers without a hitch and that your customers get the level of service they require.
Financial Data Protection
Protecting financial information for you and your customers has become more important than ever before. The reality is that financial organizations face more threats to their private data than any other time in history. You need a secure network and a team of cyber security experts with tools to monitor, detect and respond to cyber threats to your organization.
Regulatory Compliance
Strict regulatory standards must be adhered to by highly regulated institutions such as financial operations. From FINRA, FISMA, SOX, PCI DSS and more the list of regulatory compliance laws is long. It is so complicated that many businesses often concentrate on meeting minimum requirements rather than actually implementing appropriate security policies beyond what is needed. Let us help your goals to be secure AND compliant!
- Gramm-Leach-Bliley Act (GLBA)
- Federal Financial Institutions Examination Council (FFIEC)
- Sarbanes-Oxley Act (SOX)
- Payment Card Industry (PCI)
Statistics
- Cybercriminals are estimated to create the need for 3.5 million new cybersecurity… (allcovered.com)
- “70% of most banking is completed digitally.” American Bankers Association (compassmsp.com)
- Bank is cutting its operating costs by 10% with job cuts and facility closures, but will continue to invest heavily in technology View All News (computerweekly.com)
- In comparison, banks spent an estimated $215 billion on IT worldwide in 2014, including hardware, software, and internal and external services. (pwc.com)
- In our 2016 global CEO survey, 69% of financial services’ CEOs reported that they are either somewhat or extremely concerned about cyber-threats, compared to 61% of CEOs across all sectors. (pwc.com)
- Around the world, the middle class is projected to grow by 180% between 2010 and 2040; Asia’s middle class is already larger than Europe’s. (pwc.com)
- In fact, in PwC’s Global State of Information Security Survey 2016, we found that there were 38% more security incidents detected in 2015 than the year before. (pwc.com)
Managed IT Services for Financial Firms
At Digiboon, customer satisfaction is our #1 goal, and we’ve grown to secure data for more than 100 clients in the United States from many different industries. We offer consulting services on business processes to help with the goals of financial firms and industry regulations. We know how hard it is for companies, not to mention escalating cyber threats, to keep up with rapidly changing technology.
We have listened to the needs of our customers over the years and have specialized in helping them comply with increasingly strict safety regulations, which are beginning to affect almost all sectors.
This involves helping companies of all types and sizes of financial operations to navigate the complexities of regulatory requirements and to provide the ongoing IT services and support needed to remain competitive in a rapidly changing industry.