Over the years, the Customer Experience and Customer Relationship Management, Cloud, Internet of Things (IoT), Social Media, E-commerce, Mobility, Big Data, Robotic Process Automation (RPA), Artificial Intelligence/ Machine Learning, BlockChain and other technologies have significantly disrupted the Banking, Financial Institutions and Insurance verticals, especially after the onset of COVID-19. The cloudification of core banking, Insurtech and other Fintech platform & systems, importance of omnichannel experience, the rise of neobanks, the adoption of Payment wallets, digital lending, AI assisted chatbots, cryptocurrency, digital supply chain and intelligent/ hyper automation continue to accelerate digital transformation and optimisation in the Financial Services Industry (FSI) space, right across traditional players as well as unicorns and start-ups.
This ever-increasing digital and technology penetration, along with continued hybrid working in 2023 is naturally resulting in implosion of potential attack surfaces, points of breach and vulnerabilities across the extended FSI enterprise. These factors along with ever-rising stringent regulations, compliance requirements, fines…
