Building an effective SOC is one of the greatest lessons in adaptability. From navigating changing compliance mandates, securing the open banking ecosystem, combating fraud, and embracing the AI wave, the financial services industry faces constantly evolving challenges. This makes developing a modern SOC a strategic imperative to keep pace with today’s financial landscape.
As cyber threats and financial fraud become more relentless and sophisticated, adaptability is being put to the test. But external threats are not the only barrier to an effective SOC. What’s often overlooked is internal — the threat of inefficiency. Teams are expending too much effort on the wrong things, such as maintaining a complex tool stack.