FINANCIAL SERVICES SECTOR

Financial Services and Unstructured Data

Typically the FSS has a much higher risk profile when it comes to unstructured data. Organisations that handle financial information are working under more complex regulations and facing more significant external threats that are ever more difficult to manage. Simultaneously, they are still having to adapt business models to manage technological disruption in the market whilst also building customer trust and engaging with the broader community.

Regulatory pressures continue to be central to FSS activities, including relationships with customers and suppliers. Many regulatory mandates, including GDPR and CCPA, put emphasis on how FSS collect, process and store customer information. A specific pain point for FSS is the retention of this data and both the opportunities and risks it presents.