Financial services

Digital is everywhere. It’s pervasive across all sales channels and industries and is a key way to create value within the investment horizons of most private equity investors.

The EU General Data Protection Regulation (GDPR) brings in major changes to the current EU Data Protection legislation by fundamentally changing the way organisations manage personal data.

Tesco Bank has ambitious plans for their digital services in the next few years and wanted to be sure their resilience strategy would continue to be effective. They asked PA to assess their resilience strategy, policy and controls for withstanding shocks, like cyber attacks, vendor failure and natural disasters.

In the wake of the financial crisis, the cost of complying with new regulations has risen dramatically for financial services organisations. Delivering regulatory change is an expensive business – so much so that, according to the Confederation of British Industry, banks now say that reducing regulatory costs should be the top priority for the UK government.