Technology has become an important differentiator in the finance and accounting industry. To attract and keep both clients and talented employees, you need to provide the sophisticated technology that they expect.
But it's hard to keep on top of, and be an expert in, all the new technologies that are available. By outsourcing IT services, financial services firms can gain immediate access to the latest expertise and guidance.
Security is another huge concern for the financial services industry. Data breaches involving financial services firms increased by 480% from 2017 to 2018. Cybercrime now costs the financial services sector more than any other industry with no end in sight.
The ever-changing regulatory compliance environment, including FINRA, poses another challenge for financial services firms. The latest raft of regulations and guidelines are driven by the mass breaches and disruptions that have taken place over recent years. It's hard to keep up!
If you're looking for a Managed IT Services Provider who can help you not only with your day-to-day needs, but also provide the managed cybersecurity services you can't function without, fill out the form and set up a consultation to learn how we can help.
The first step is to conduct a detailed assessment of your current environment and come up with a recommendation for the security measures that need to be put in place. A detailed Plan of Action will outline exactly what needs to be done to keep your data as safe as possible, from new security software solutions to employee training.
The next step is to take a look at your overall infrastructure. A detailed inventory will be done to make sure you're not paying for unused equipment or programs you're no longer using, or that may be jeopardizing your security or productivity. We can also recommend new tools that can help improve business processes and improve efficiency.
Highly regulated industries such as financial services must adhere to strict regulatory standards. The list of regulatory compliance laws is long, from FINRA, FISMA, SOX, PCI DSS and more. It's so complex that many companies often focus on meeting the minimum requirements instead of actually implementing proper security policies beyond what is required. Let us help you be compliant AND secure!
A Washington DC-based financial services firm had just opened up their first office, and had aggressive plans to scale the business quickly.
They had been debating whether to invest in a custom software solution, which was incredibly expensive and would require a huge capital outlay. Before they signed up, they brought in Ntiva for an unbiased consultation.
We quickly determined that while the custom solution would definitely meet all their needs and more, it was not a wise investment. Based on our experience with other similar firms, we were able to point out other "out-of-the-box" software solutions that would meet their needs at a greatly reduced cost.
We sourced the software for them, performed the implementation and even did some custom integration work with their business phone system.
Putting the correct technology in place was key to helping this new business get off the ground quickly and cost-effectively, letting them invest their capital in other important areas.
Founded in 2004, Ntiva has grown to service more than 1000 clients from many different industries. We know how difficult it is for businesses to keep up with fast changing technology, not to mention escalating cyber threats.
Over the years we’ve listened to our client’s needs and have specialized in helping them comply with increasingly strict security regulations, which are starting to affect almost all industries.
This includes helping financial services firms of all types and sizes navigate the complexities of regulatory requirements, and provide the ongoing IT services and support that are necessary to remain competitive in a fast-changing industry.