FinTech Magazine September 2024 | Page 7

FOREWORD

ENSURING RESILIENCE AND COMPLIANCE With increased reliance on digital platforms , operational resilience and compliance is paramount for fintechs . How can the industry safeguard itself ?

“ What can fintechs do to ensure their technologies are correctly implemented and secure ?”

In recent months , the importance of fullyfunctioning technologies that perform on a 24 / 7 basis has been laid bare , with high-profile outages such as the CrowdStrike bug proving our reliance on technology is constant . Instances such as these remind us that efficient implementation is a must .

The financial services industry is no stranger to these issues . Outages at UK banks Nationwide , HSBC and Virgin Money led to delays in customer paydays and the release of pension funds .
So , what can fintechs do to ensure their technologies are correctly implemented and secure ?
In this issue , we ’ ll look at the processes fintechs and finservs should implement to ensure regulatory compliance , operational resilience and customer safety are successfully met .
We ’ ll also look at the latest innovations in the credit card space and how leading issuers are shifting from virgin plastic use to more sustainable methods .
Sustainability is , understandably , one of the biggest challenges for the financial industry today , and we ’ ll look at the key innovations helping financial institutions meet net-zero goals .
We also have some great insight into the life and career of Prema Varadhan , COO and President of Product at Temenos , and Martha Sazon , President and CEO of GCash .
Activity in the fintech space never stops , so , for all the latest from our industry , simply head over to fintechmagazine . com . Enjoy the issue !
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LOUIS THOMPSETT
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