The Top Two Misconceptions as FSI Compliance Requirements Tighten

Financial institutions worldwide are increasingly emphasizing the need for operational continuity as compliance and risk management regulations tighten globally. Two of the biggest areas of vulnerability for financial services organizations right now are running outdated or unsupported software, and single supplier failure or vendor lock-in. As regulatory requirements become stricter, it is crucial for FSI organizations to strategically invest in technology solutions that support governance, risk, and compliance while addressing these pitfalls. Open-source technologies can be a powerful ally in staying up to date with compliance needs and offering greater support to improve business outcomes.