Traditionally, financial firms would insist on any compliance technology being installed on-premise. This approach requires a lengthy initial implementation process, with ongoing investment in infrastructure and operational support alongside annual maintenance costs. In return, the firm has full control over the security of the solution.
As we enter 2021, that trade-off is starting to make less sense. Sure, security is a hugely important factor to consider, but cloud technology isn’t a new thing. There are mature compliance solutions available with robust security controls that will satisfy even the most scrupulous of CIOs.
So what are the benefits of moving to cloud-based compliance and amp; risk management solution like Behavox? Download this solution brief to find out.
In this brief, you’ll learn:
- The value of SaaS based compliance and amp; risk management solutions
- Why leading financial institutions chose Behavox SaaS
- How a multinational bank benefited from their migration