A Tough Road

John Wilson, Director of Solution Enablement – FSI, Axway

“In recent times, regulatory pressures have grown dramatically. With the Financial Services Modernization Act, or, as it’s more commonly known, Gramm–Leach–Bliley, and the more recent Dodd–Frank Act, stricter rules are being enforced on the industry. A major focus has been around the area of risk management. As part of these new acts, new visions are being created, specifically to monitor risk and enforce safeguards for data. It’s going to be adding a lot more oversight to this area. As noted in a recent whitepaper by JWG, they highlight the fact that the minimalistic approach to risk architecture that many financial institutions have taken so far is not even enough to cover current regulations.”