Managed Security and IT Solutions
Financial services firms face many IT challenges in the digital age. For example, many FS firms are 100 percent focused on transforming the customer experience. Today, it’s about embracing digital technologies to create omni-channel communications with customers and open new revenue opportunities, such as mobile banking.
Safeguard customer trust, uphold compliance standards, and secure your critical data. Our managed security and IT solutions offer top-tier protection and support tailored for fintech operations within the financial services industry.
Why Do Financial Services Organizations Choose STL?
We Solve Top Industry Challenges
RESOURCE CONSTRAINTS
Financial services organizations often face budgetary limitations that restrict investments in technology infrastructure, software development, and IT personnel.
TECHNOLOGICAL COMPLEXITY
Managing diverse and complex technology systems, including core banking platforms, risk management software, and cybersecurity solutions, requires specialized expertise and resources to ensure effective operation and integration.
SECURITY RISKS
Inadequate cybersecurity measures and limited resources for monitoring and mitigating threats increase the risk of data breaches, fraud, and regulatory non-compliance, exposing the organization to financial losses and reputational damage.
REGULATORY COMPLIANCE
Meeting regulatory requirements and standards, such as data privacy, anti-money laundering (AML), and Know Your Customer (KYC) regulations, requires dedicated resources and expertise to navigate complex compliance landscapes.
OPERATIONAL EFFICIENCY
Without streamlined processes and centralized management tools, financial services organizations may experience inefficiencies in managing technology resources, leading to delays, errors, and increased operational costs.
LEGACY SYSTEMS
Outdated technology systems and infrastructure pose challenges related to maintenance, compatibility, and scalability, which in turn hinder innovation and agility in meeting evolving market demands.
VENDOR DEPENDENCY
Relying solely on external vendors for technology solutions may lead to vendor lock-in, limiting flexibility and innovation while increasing costs and dependencies on third-party providers.
DATA MANAGEMENT
Managing vast amounts of sensitive financial data, including customer information, transaction records, and market data, requires robust data management practices and infrastructure to ensure security, integrity, and regulatory compliance.
STRATEGIC ALIGNMENT
Aligning technology initiatives with the strategic goals and objectives of the organization can be challenging and requires effective governance, leadership, and collaboration between business and IT stakeholders.
Protecting Customer Data
Safeguarding customer data in the financial services sector involves protecting a diverse range of information across a wide array of endpoints. However, many organizations find it challenging to consistently monitor their networks, systems, and applications due to constraints in knowledge, time, and resources.
The effectiveness of your threat detection and response capabilities is crucial for maintaining robust network security. With our comprehensive cybersecurity solutions, we enhance your security posture, ensuring that potential threats to your valuable data are swiftly identified, assessed, and resolved.
Industry Compliance
The financial services sector experiences a continual rise in regulations and standards each year, presenting challenges in fulfilling the extensive list of compliance requirements.
By partnering with us, you gain access to a dedicated team of experts offering 24/7 managed security consulting. This ensures that you not only meet the rigorous security standards demanded by financial institutions but also comply with key regulations like GLBA, PCI/DSS, GDPR, and SOX.
