Financial Services banking, insurance and brokerage
For instance, the UK Financial Conduct Authority (FCA) recently published its expectations for companies using hybrid or remote working models. Within this 20-point guide, the FCA stresses that hybrid working should not:
Affect the firm’s ability to oversee its functions, including any outsourced functions.
Increase the risk of financial crime.
Financial institutions must also be able to prove that they are:
Putting in place an appropriate culture and maintaining it in a remote-working environment.
Considering all data, cyber and security risks.
The challenge for CIOs and their teams is how they remain compliant in a hybrid work environment, and address risks such as financial crime, cybersecurity risk, and issues around institutional governance and internal culture. This can be particularly difficult due to the fact employees working remotely routinely use multiple devices, networks and platforms for collaboration and communication.
Preventing data loss as endpoints proliferate
Unless correctly managed, the proliferation of hardware and software within a hybrid environment can heighten the risk of cyberattack and data theft. With HP Adaptive Endpoint Management, the responsibility for workloads and infrastructure involved in supporting endpoint devices is delegated to HP service experts, releasing CIOs and their teams to focus on business-critical projects. HP Device as a Service (DaaS) goes further, taking responsibility for device provisioning and deployment, while ensuring that every worker gets the device that fits their individual needs. CIOs who would rather retain responsibility in-house can instead leverage HP Wolf Security, which protects endpoint devices across the network, providing layers of resilience and rapid disaster recovery.
Working securely
Financial services CIOs should also consider adopting remote digital workspaces for teams dealing with critical applications or sensitive data. HP Anyware provides secure access to desktop environments, hosted on premise or in the cloud, to virtually any user device. All data remains within the hosted environment, with only encrypted pixels transmitted to end users. Those users still enjoy the same high-frame rates and low latency they’d expect from a local PC.
Boosting productivity and compliance
Efficient workflows and speedy access to data are essential to maximising productivity within the financial services industry. Unfettered movement of data, however, increases the risk of insider fraud such as theft, embezzlement, bribery and collusion. HP Intelligent Workflows, enables data sharing while allowing institutions to track and analyse documents and processes as well as enforce compliance standards, provide audit information and document privacy and security.
