Businesses throughout the financial industry are constantly being hammered with cybersecurity, thanks in large part because of government regulations. Cybersecurity is important, but it’s become such a common (and needed) topic, that it can cause even the most attentive finance executives to glaze over.
“I know, I know. I’ve heard this a thousand times,” is probably what goes through the heads of many. That’s why it’s important to separate technology services and cybersecurity services when it comes to the financial sector. Every bank has cybersecurity measures in place – they have to. But not all of them are using technology the way they could be to elevate their business and strengthen customer relations.
Many banks undertake their technology management on their own. But the more the business grows, the more difficult this can become. There is where third-party managed IT service providers provide a huge benefit.
Managed IT service providers help keep technology up to date
In an industry as competitive as the financial industry, having the most up to date technology is an absolute must. A well qualified Managed Service Provider (MSP), will help you make sure that all of your computers and equipment are up to date and working. Is a workstation getting close to running out of warranty? They’ll know, and they’ll be able to help guide your bank towards making the appropriate updates.
Managed IT service providers can manage applications too
Every organization has core applications that they need in order to stay running. But making sure all of these applications are communicating and working together is often an entirely different story. Banks should seek out MSPs that also provide Managed Application Services. My having proper application management, businesses can go from just surviving, to really thriving.
Managed IT service providers take the burden off your IT staff
Many banks (and organizations for that matter) often try to take IT into their own hands. But most can only afford one or maybe two IT staff members. Even if these staff are trained and qualified, usually it doesn’t take long for them to become overwhelmed or in over their heads. Especially if the business is growing. Worse, if an IT department is constantly shuffling new staff members, processes and knowledge get forgotten or lost. This means the company is having to seemingly start over, which can is not only frustrating, but can also be cost prohibitive. Having an MSP that can at the very least co-manage with your IT department can relieve stress, knowing that your IT is covered.