FinTech Magazine May 2020 | Page 56

How can digital transformation happen with confidence in the financial services sector ? KPMG discussed this in a cybersecurity round table
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How can digital transformation happen with confidence in the financial services sector ? KPMG discussed this in a cybersecurity round table

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T he cybersecurity threat landscape is changing for fintechs , incumbents and other financial services organisations . As the pace of digital disruption accelerates and innovative new technologies reach the market , those in the sector are having to adapt . They must also place trust at the heart of any cyber agenda .

According to KPMG ’ s Global Co-Leader Cyber Security , Akhilesh Tuteja : “ Financial services organisations are competing not only with their traditional peers , but also with an increasing number of agile , digital disruptors such as virtual banks . The pace at which these new players are developing is forcing traditional banks to adopt more agile approaches to managing their own IT infrastructure .”
Tuteja was speaking as part of a roundtable discussion between KPMG ’ s cybersecurity practice leaders , titled Securing the Future of Financial Services : Driving Innovation with Confidence . This was framed around the context that , amidst constant
MAY 2020