Financial services companies (finservs) are under pressure to deliver secure software faster like never before. Customer expectations are at an all-time high and consumers are hungry for new capabilities and experiences. In many cases, startups are outpacing large financial institutions in this area due to their ability to innovate rapidly using cutting-edge technologies.
Additionally, the challenge of keeping up with security and compliance is intensifying. The regulatory landscape is ever-evolving, with new requirements popping up constantly; compliance costs are rising; and many finservs are bogged down by outdated, legacy systems.
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