CDSA

IBM Identity Study: Security May Be Financial Services Firms’ Best Defense Against Disruption (Security Intelligence)

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Between years of stepped-up regulatory oversight, low interest rates, identity theft and competition from everything from cryptocurrency to crowdfunding, the historically stable and conservative financial services industry has recently become a cauldron of instability.

But banks and other financial institutions do have one asset in their favor that upstart competitors can’t match: customer trust. It may turn out to be their most valuable competitive advantage.