As security threats increase and regulations continue to change, the IT departments of banks and credit unions find themselves constantly playing catch up. And while these are very real threats to the business, IT professionals in a typical bank or CU will tell you that budgets aren’t exactly increasing year to year. Tech updates are
As Michael Vizard notes here, virtualization of network features helps automate the onerous and often changing tasks of compliance. Legacy systems demand massive amounts of labor or expensive toolsets (or both) to achieve even baseline compliance.
Connectivity solutions will be increasingly challenged to implement the most advanced security. Enterprise scale banks can produce enterprise scale APIs but community financial institutions must rely on different methods, frequently to several vendors at a time.