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50% of firms in the financial services industry are still operating on outdated or on-premise infrastructure, which fails to meet modern transparency and documentation requirements.

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53% of CFOs in the financial services sector ranked evolving regulations as a top concern, compared to 38% of CIOs, highlighting a disconnect between financial and technical teams.

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42% of U.S. financial services executives identified staying current with evolving regulations as their top compliance challenge.

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