BOOST RESILIENCE
AND TE CYBER
As new technologies find their way into the financial services industry , ensuring their correct implementation is vital to mitigate operational failures and outages , boost resilience and temper cyber risk .
In recent months , the importance of fully functioning technologies – 24 / 7 – 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 correct implementation is a must .
The financial services industry is no stranger to these issues either , with recent software bugs delaying UK banking customers of Nationwide , HSBC and Virgin Money from receiving payday and pension funds .
Payments too has seen issues with contactless payments capabilities going down at several leading retailers .
The question remains : what can fintechs do to ensure their technologies are correctly implemented and secure ?
The Importance of robust infrastructure Sara Cass , Chief Compliance Officer at IFX Payments , emphasises the significance of a resilient IT system in