What do our Financial services industry regulators expect from us?

In a nutshell, your regulators want you to deliver a reliable, always-on, and secure experience to your customers and keep all static and transactional data safe and secure for an extended period in an easily discoverable form and all within the country’s boundaries. They expect financial institutions to have robust risk management frameworks, internal controls, and reporting mechanisms in place to mitigate risks, protect customer interests, and maintain market integrity. Compliance with data privacy regulations, and cybersecurity measures is also crucial. Since email is the primary mode of internal and external communication, the regulator expects you to securely preserve all financially related email data as well as that of active and former employees for a period  of between 7-10  years (depending on the type of financial entity)  in a search-ready format. Vaultastic can help financial institutions with this.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter and stay updated.