IT Challenges: What Is Next for the Financial Services Industry?

There are significant challenges facing information technology (IT) leaders in the financial services industry (FSI)  today. Some of the major FSI IT challenges are the very same ones IT leaders in all industries are facing. These include mobile commerce, social media, the safeguarding  of client and employee data, management and classification of data, risk management, IT infrastructure planning, business continuity, and IT asset management. However, while IT-related themes are similar across industries, the context in which the challenges are developing in FSI is directly related to the regulatory developments and end- user dynamics of the industry.