The Database: Meeting Regulatory Compliance In FinanceAs automation speeds up database development and reduces costly downtime, strict database regulatory compliance in finance is preventing organizations in this sector from adopting these practices.With the recent fast-paced wave of regulation, financial institutions need a tool that helps them achieve compliance and combat regulatory constraints.

Challenges Presented by Strict Regulatory Compliance

The task of managing many ongoing projects, coupled with the need to continuously amend and improve systems for meeting reporting requirements, serves as an obstacle for financial institutions in implementing continuous processes for the database.

Financial institutions are wary of automation because of the inability to determine who made what changes to the database. Not only that, the possibility of version control scripts not being updated can result in executing the wrong revision in production, creating bugs or application crashes.

In addition keeping databases regulatory compliant in finance is understandably complex and always changing, and automation could make the database vulnerable to security breaches.

Benefits of DevOps for the Database for Financial Institutions

DevOps for database solutions solve the key challenges in order to meet regulatory compliance in finance. Such solutions allow institutions to implement rapid development and release cycles, all while avoiding the perceived risks of automation, reducing development costs, and boosting ROI.

This allows for financial institutions to accomplish the following:

  • Meet the increased demand for faster time-to-market applications.
  • Manage the development of multiple applications on a day-to-day basis.
  • Reduce costly errors that result in downtime.
  • Streamline the application delivery processes while minimizing development costs.
  • Meet the demands of ever-changing regulations.

 

 

This article originally appeared in dbmaestro.com.  To read the full article, click here.

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