The continuing blur
between traditional banking, investment banking and insurance means
that companies need to differentiate their products and services in
order to maintain and develop their business and customer base.
Mergers and takeovers, adherence to corporate, statutory and
regulatory business practices being mandatory over the next 3
years, new regulatory pressures will place even greater stress on staff.
Increasing
use of 24/7 access to accounts, services and information will require
new methods of transaction signing, encryption and security of
credentials. With the proliferation of more personalised services and
solutions through more channels, customer protection will be the
dominant priority. Perhaps more than any other sector, demonstrable
data security will become a key differentiator between winners and
losers in the banking and finance sector industries.
Another major
concern affecting this already complex sector is the ever-growing need
for regulatory compliance in order to enable new business
opportunities. These include SOX, Basel II and more recently the need
to be able to carry out STP based transactions in trading environments,
and this is by no means a simple task.
Testhouse can
assist you in meeting these challenges by helping you to both plan and
execute testing of your new systems and current infrastructure. We can
give you expert advice on where your efforts need to be concentrated in
order to meet your customers' needs for greater access and guaranteed
security, and we can also audit your system for you in order to ensure
your continued regulatory compliance.
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