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How can financial institutions navigate cybersecurity and stay competitive? Learn how FINRA leveraged SD Elements to mitigate risks and improve time to market.
How can financial institutions navigate cybersecurity and stay competitive? Learn how FINRA leveraged SD Elements to mitigate risks and improve time to market.
In an increasingly competitive market, financial institutions must develop
software at a faster pace than ever before while ensuring security by design.
In an increasingly competitive market, financial institutions must develop software at a faster pace than ever before while ensuring security by design.
With increasing cyber threats targeting financial data, accepted vulnerabilities in production can give threat actors access to sensitive personal identifiable information (PII), leading to significant financial and reputational damage.
Noncompliance with regulations such as GDPR, PCI DSS, and SOX can lead to severe penalties or consequences, financial losses, and irreparable brand damage. Our solutions help ensure your institution meets all regulatory requirements.
With security teams often stretched thin, there is a higher risk of software being deployed with vulnerabilities. SD Elements provides the necessary tools to streamline security processes, ensuring robust protection even with limited resources.
Learn more about the different needs that are changing in the financial service sector.
Meet Compliance with Financial Industry Regulations
As financial institutions navigate the complexities of managing technology while ensuring compliance with industry regulations is paramount. SD Elements provides comprehensive security and compliance solutions tailored for various sectors within the financial industry.
Regulatory compliance in banking
As banks move data and workloads to the cloud, they need to assure that cloud and data assets are secured and meet compliance with regulations such as FFIEC (Federal Financial Institutions Examination Council) and EBA (European Banking Authority).
Insurance companies must protect sensitive patient data and ensure privacy while complying with HIPAA (Health Insurance Portability and Accountability Act) and NAIC (National Association of Insurance Commissioners) standards.
Investment firms need to adhere to SEC (Securities and Exchange Commission) regulations and FINRA (Financial Industry Regulatory Authority) rules to protect investors and maintain market integrity.
Credit unions must comply with NCUA (National Credit Union Administration) regulations and CUNA (Credit Union National Association) guidelines to ensure safety and soundness.
In the highly regulated financial industry, the integrity and security of software applications are critical. Financial institutions rely on robust software to manage transactions, handle customer data, and deliver seamless services.
According to the BCG Reigniting Radical Growth Report, financial services firms suffer a higher cost for dealing with cyber attacks and their aftermath than any other sector.
