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Discuss types of controls companies might choose to use in the financial services industry and why.

Discuss types of controls companies might choose to use in the financial services industry and why.

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Answer #1

Discuss types of controls companies might choose to use in the financial services industry and why

Control of Data Leakage-

  • Clients information is of confidential nature and should be preserved at any cost
  • Cyber security should be of utmost importance

Market Flunctuations-

  • Financial services offered to clients undergo high flunctuations due to shaky market conditions
  • To control this, company should hire experts who understand the pulse of the market
  • They should invest clients fund in the right place to bring him maximum profit
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