IT consulting is an essential consideration in almost any industry in 2022. However, there are very few industries where it’s more crucial than within the financial services field. That’s according to Paul Delacourt, director of programs at Red River Technology in Chantilly, Virginia.
Red River is a leading technology transformation company focused on harnessing the power of tech to improve how its clients do business. When it comes to financial services firms, it’s vital to remember that these businesses exist among the world’s most complex and closely regulated industries.
Delacourt and his team are acutely aware of this and, therefore, keen to stress the importance of IT consulting in this field in particular. With that, they routinely utilize their industry-leading technical expertise and strategic partnerships. Doing so allows them to provide complete end-to-end support to clients in financial services.
Three reasons why IT consulting in financial services is so important.
To demonstrate the importance of IT consulting in financial services, Paul Delacourt has highlighted three key factors. These range from compliance with laws and regulations to data privacy and cybersecurity more generally. Providers of financial assistance must also look to effectively manage risk in order to protect their customers’ assets, Red River’s director of programs states.
Compliance with ever-evolving regulations
Paul Delacourt first turns to compliance with ever-evolving financial services industry regulations. Delacourt believes that to stay compliant, it’s vital to partner with an IT consulting and services provider. This provider should be one that boasts not just a deep understanding of the latest regulations but also knows how to implement them faultlessly.
Delacourt further recommends that financial services clients seek an IT consulting and services provider that’s experienced specifically in working within financial institutions. Doing so, Red River Technology’s director of programs says, ensures that they’re equipped from the outset to understand the necessary intricacies of delivering first-class IT consulting in this most tightly regulated field.
Data privacy and cybersecurity threat management
Meanwhile, similarly important is data privacy and cybersecurity threat management, Paul Delacourt suggests. Cybersecurity is an area of particular expertise for Delacourt, who, before joining Red River, spent two decades working for the FBI. For any business, specialized IT consulting is often the best way to ensure data privacy and cybersecurity threat management.
The financial services industry is no exception. Benefits range from the highly effective management of risk to streamlined operations and increased efficiency. Often, all of this hinges on data privacy and cybersecurity threat management, Delacourt says, whether businesses realize it or not.
Protection of customer assets
Finally, Paul Delacourt turns to the protection of customer assets, the cornerstone of any financial services business. Financial institutions must, without exception, protect their customers’ assets at every turn. Doing so, Delacourt notes, requires a comprehensive security strategy.
Above almost everything else, this strategy should focus on the latest security technologies and protocols. It’s with that in mind that partnering with an IT consulting and services provider is so important. At Red River Technology, Paul Delacourt and his team can help tailor and implement the necessary measures required to protect customers’ data, first and foremost.
At the same time, they’re also poised to facilitate effortless customer transactions, improve customer portals, and more, all through a process of IT consulting that’s second to none.