Compliance with financial regulations is non-negotiable for financial services organizations. Every entity — whether a bank, insurance provider, fintech startup, or investment firm — must adhere to complex regulations that ensure secure management of financial data, protect consumers, and safeguard market integrity. From data handling and access controls to risk management and auditing, financial regulations cover a broad range of requirements that organizations must meet to operate legally and securely. As software and applications become core to meeting customer and stakeholder needs, the ability to secure these assets is at the center of managing business risk.
In recent years, government agencies and regulators around the world have ramped up efforts to enforce stricter security standards for financial services organizations. These regulations impact not only end-users (i.e., consumers) but also the financial technology (FinTech) firms and security providers that supply the tools financial institutions use to maintain compliance.
Achieving financial regulatory compliance can be costly and tedious, but it is essential for financial institutions that rely on software and applications to securely manage customers, payments, e-commerce, and banking transactions.
If your organization is struggling to adhere to financial regulations due to the complexity of traditional AppSec tools, OX Security can help streamline the process across your software and application environments.
Streamline Security Assessments for Financial Regulations
Managing financial security posture and regulatory compliance through traditional, siloed AppSec tools can be challenging, especially given the rapid and ever-changing state of software development processes. OX Security offers a comprehensive, integrated approach to managing software development lifecycle security, providing the visibility and control needed to exceed compliance and reduce security risks across all applications and software used to handle sensitive financial data.
To help financial institutions meet these standards, OX Security’s Active ASPM assists in three essential areas:
- Automated Vulnerability Scanning: Regulatory compliance requires constant vigilance in identifying and mitigating vulnerabilities — software included. The OX Platform automates vulnerability scanning across applications and software components, spotting potential issues before they can be exploited. By integrating multiple security domains — such as vulnerability scanning, data encryption, and access controls — the OX Active ASPM Platform offers a holistic view of your application security posture.
- Compliance Mapping Ensuring: Adherence to various regulatory frameworks can be overwhelming. OX Security helps map software security findings to specific financial regulations, such as PCI DSS or GDPR, enabling financial institutions to track and prioritize compliance efforts efficiently. This reduces the time and effort required to focus remediation efforts in critical areas.
- Detailed Reporting and Dashboards: Financial regulations demand continuous monitoring and reporting. OX Security generates real-time reports and dashboards, giving organizations visibility into their application security posture and simplifying the audit process.
Where OX Security Shines in Financial Software and Application Compliance
OX Security goes beyond basic compliance, offering advanced features for navigating complex regulatory requirements and enhancing your application and software security posture.
Future-Proof Compliance and Security Technology
- Advanced Technology: OX Security integrates AI and machine learning to stay ahead of evolving security threats in financial services.
- Continuous Innovation: Regular updates and new features ensure that the OX platform adapts to regulatory changes and emerging risks.
- Adaptive Security Measures: OX is designed to evolve with new challenges, helping financial institutions remain compliant and secure as regulatory landscapes change.
Scalable and Self-Managed Compliance
- Scalable Architecture: OX Security scales with your organization’s software development and use, allowing compliance to grow with your business.
- Self-Managed Deployment: Offering flexible deployment options, OX enables control over the software environment while allowing customization for industry-specific needs.
- Seamless Integration: OX Security integrates smoothly with existing infrastructure and workflows, minimizing disruption.
Holistic Software Security Coverage
- End-to-End Financial Security: From development through deployment, OX Security safeguards the full software lifecycle, leaving no area of your financial security posture unprotected.
- Comprehensive Protection: OX Security secures not only core software but also third-party integrations, APIs, and open-source components, ensuring complete coverage across the entire software lifecycle.
- Regulatory Assurance: With OX Security, organizations meet stringent regulatory requirements, including PCI DSS, GDPR, and SOX, and maintain an audit trail to reduce cyber risk and regulatory non-compliance.
Key Benefits for Financial Compliance
- Regulatory Assurance: OX Active ASPM enables compliance with high standards of financial regulation, ensuring your software and applications are well-protected.
- Continuous Monitoring and Real-Time Insights: Proactive monitoring helps detect security issues before they escalate, aligning with financial regulations that emphasize continuous vigilance.
- Automation for Compliance Control: Automated software testing and policy enforcement help streamline compliance audits and simplify regulatory adherence.
With OX Security, financial services gain a trusted partner in compliance, offering a proven solution that meets the rigorous demands of financial regulation and strengthens overall security.
To learn more about how OX Security can help you meet financial regulatory requirements and secure your financial applications, contact our sales team, sign up for a personalized demo, or register for a free trial today.
