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How RegTech Could Keep a Firm from Being Overprotective


Source: Finextra

One solution to protecting financial data is simply to treat all data as sensitive. This would avoid the complicated work of developing and implementing complex data aggregation tools and procedures. However, this all-or-nothing approach would lead to unnecessarily large data storage requirements, especially in large firms. If a firm has global locations in varying jurisdictions, the problem becomes even more complex.

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