Three-quarters of financial firms claim they are raising their standards of ethical conduct beyond regulation requirements—and are using digital technologies to do so.
Digital Finance: Meeting ethics and compliance challenges in financial services, sponsored by Mazars, considers how financial services companies are responding to both the wave of regulations and the surge in digitisation in the industry.
Key findings include:
- Three-quarters of financial firms surveyed say they use digital technologies to raise standards in transparency and cybersecurity beyond legal requirements
- Most say they turn compliance with ethical standards into a competitive advantage
- At the same time, financial firms lag in changing internal procedures or rewriting codes of conduct to foster ethics-oriented corporate cultures
