Compliant, effective IT solutions for the Financial Services Sector.

The financial services sector has many opportunities for growth, but companies in this industry operate in a regulated and competitive market.

At CSI, we understand that banks, building societies and investment management services face more challenges than many other markets – from changing business models, increased pressure to maintain compliance and a disruptive technology environment enabling new entrants.

What’s Holding You Back? 

IT can make you more compliant, efficient and accessible to digitally-savvy customers, who are increasingly relying on complex applications for their banking services and to manage mortgages, loans and other financial services.

Leave us a message with your challenges and one of our experts will get in touch.

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A trusted partner to financial services

British Bank Awards
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Darlington
technical support for managed threat detection

Challenge #1

What’s Your Cyber Security Posture?

Cyber security is consistently a top priority in almost every survey of IT decision makers. Ransomware is one of the fastest-growing security concerns across most industries, affecting corporations, government agencies and private entities alike, but the sensitive nature of the data held by the finance sector make it as prime target for cyber-crime and data breaches are a constant threat. The changes in working and home life imposed by the Covid pandemic forced an increase in online transactions which compounds the risk.

We know that maintaining cyber defences isn’t simple easy, but it’s critical that IT teams regularly assess threats to the business and keep up to date with advances in technology – cyber criminals do! Vulnerabilities can range from old unsupported hardware, unpatched operating platform and a lack of security awareness among staff – the majority of breaches can be traced to human error. IT solutions need to be supported by a security-ware culture where every employee is a player in the line of cyber defence.

 

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Challenge #2

Achieve (and Maintain) Regulatory Compliance Is No Small Feat.

The financial services sector is already one of the most heavily regulated industries and as the industry turns to new technologies, governing bodies introduce new regulations and maintaining compliance can be tough. Any failure to meet guidelines can open a company to the risk of data breaches, loss of reputation and the possibility of financial penalties, or worse.

CSI recognises the importance of designing infrastructure to support these requirements – from the FCA’s CQUEST cyber resilience assessment and SYSC 8.1 outsourcing requirements, to the PRA SS2/21 Supervisory Statement on managing third-party risk – including how to plan for a rapid stressed exit from a public cloud provider.

An expert IT consultant on the phone.

Challenge #3 

Outdated Infrastructure Holding You Back?

Ageing hardware – sometimes called legacy systems – can be the cause of poor performance and lack of flexibility. Out of support systems may still work, but there is an increased risk of failure or cyber breach when patches are no longer available, and worse may result in failed regulatory audits. “Born-in-the-cloud” new entrants are not hindered by legacy and can take advantage of innovative technology like containerisation, serverless computing and hybrid multicloud models where workloads can run on any platform. However, we’ve seen companies grow and beat the competition by enjoying the best of both worlds – retain core systems rich with institutional knowledge and exploit emerging IT trends.

WHY CHOOSE CSI

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CSI’s experts have over 900 years of combined experience supporting and managing IBM Power Systems.

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of CSI employees are in client-facing roles, providing best in class customer service.

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CSI’s history of innovation has earned us credibility as a reliable, trusted partner of choice around the world.

I’m confident that we’ve chosen the right technology partner to set us up for the next 5-10 years ahead.

Simon Thompson, CFO – Key Read more