The fast pace of change in the global financial services industry has created the need for a new generation of complex IT solutions that operate in real time with continuous availability and reliability. The challenges faced by the industry are forcing organisations to keep pace with technological advances and to become more proactive and efficient while reducing costs.

It is widely acknowledged that around 50%-60% of future IT initiatives will be concerned with compliance, with Sarbanes Oxley, Basel II (Europe) and MiFID (Europe) at the top of the list. A further third of IT investment will be focused at reducing costs of operation.

In the current climate, the financial services industry is driven by the following issues and business opportunities:

• Compliance and regulatory changes.
• Improving customer service and retention of customers.
• Reducing operating costs across both the business and IT.
• Acquiring new customers through competitive market initiatives.
• Acquisition and mergers which are prominent across the industry.
• Technology changes such as Vista and Linux.

Ridge Financial’s Technology Services Division understands these challenges, and can help you deliver solutions to them, including network installation and cabling. Contact us today to discuss your needs in greater detail: financial@ridgebusiness.com