IT Consulting for Financial Services Firms

Financial services firms operate under intense regulatory scrutiny and evolving cyber threats. Catch Advisors provides vendor-neutral IT advisory for banks, credit unions, insurance companies, and fintech firms navigating compliance, modernization, and digital transformation.

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$6.1M

average cost of a data breach in financial services

74%

of financial institutions plan to increase cloud adoption this year

300%

increase in cyberattacks targeting financial services since 2020

Technology is the backbone of modern financial services. From core banking platforms to customer-facing digital channels, every system must be secure, compliant, and performant. Regulatory frameworks like SOX, PCI-DSS, GLBA, and state-level privacy laws add layers of complexity that demand specialized IT guidance.

Catch Advisors partners with financial institutions to modernize infrastructure without disrupting operations. We help you evaluate cloud strategies that satisfy regulators, implement cybersecurity programs that go beyond checkbox compliance, and deploy unified communications platforms that serve both branch and remote employees. Our vendor-neutral approach means you get recommendations based on your needs, not on which provider pays the highest commission.

Whether you are a community bank replacing legacy core systems, an insurance carrier building a digital-first customer experience, or a fintech startup scaling infrastructure, we bring the industry knowledge and provider network to move your projects forward with confidence.

Key Challenges We Address

Regulatory Compliance (SOX, PCI-DSS, GLBA)

Meeting overlapping compliance requirements across federal and state regulators while maintaining efficient IT operations and clear audit trails.

Fraud Prevention & Detection

Deploying AI-driven fraud monitoring, behavioral analytics, and transaction screening tools that catch threats without creating excessive false positives.

Core System Modernization

Migrating from legacy core banking or insurance platforms to modern, API-driven architectures while maintaining data integrity and business continuity.

Data Analytics & Reporting

Building data infrastructure that supports real-time reporting, regulatory submissions, and business intelligence across siloed departments.

Cybersecurity & Threat Management

Protecting customer financial data and transaction systems from ransomware, phishing, insider threats, and advanced persistent threats.

Digital Banking & Customer Experience

Creating seamless digital experiences across mobile, web, and branch channels that meet customer expectations and reduce operational cost.

Business Continuity & Disaster Recovery

Designing resilient infrastructure and recovery plans that satisfy regulatory requirements and minimize downtime during outages or incidents.

Relevant Solutions

Technology capabilities we bring to financial services organizations.

Cybersecurity

Protect your organization with a comprehensive security strategy that addresses modern threats.

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Cloud

Scalable, flexible, and secure cloud solutions designed around your business needs.

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Networking & Connectivity

Advanced networking solutions for modern communication, business operations, and digital infrastructure.

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Unified Communications

Modern approaches to integrating communication platforms for today's hybrid and remote workforce.

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Frequently Asked Questions

What compliance frameworks apply to financial services IT?

Financial services firms typically must comply with PCI-DSS for payment card data, SOX for financial reporting controls, GLBA for customer data privacy, and various state regulations. Banks face additional oversight from the OCC, FDIC, and Federal Reserve. Each framework has specific IT controls, and an effective compliance strategy addresses overlapping requirements through a unified control framework.

How do banks approach cloud migration while meeting regulatory requirements?

Banks typically start with a cloud readiness assessment that maps workloads against regulatory requirements. Non-sensitive workloads move first, followed by regulated data with appropriate controls such as encryption, access management, and audit logging. A signed shared responsibility agreement with the cloud provider, along with documented risk assessments, satisfies most examiner expectations.

What cybersecurity measures are most important for financial institutions?

Multi-factor authentication, network segmentation, endpoint detection and response, encrypted communications, and a tested incident response plan form the foundation. Financial institutions should also invest in security awareness training, vendor risk management, and continuous monitoring through a SOC or managed detection and response service.

How can financial services firms modernize legacy core systems?

Core modernization usually follows one of three paths: a full platform replacement, a gradual API-layer approach that wraps legacy systems with modern interfaces, or a hybrid model. The right approach depends on your size, risk tolerance, and budget. Independent advisory helps you evaluate vendors, plan data migration, and manage the transition without business disruption.

What is the role of AI in financial services IT?

AI is used across fraud detection, credit scoring, customer service automation, regulatory reporting, and risk management. Practical adoption starts with identifying high-value use cases, ensuring data quality, and selecting solutions that integrate with your existing tech stack. Model governance and explainability are especially important given regulatory expectations.

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Ready to Transform Financial Services IT?

Schedule a free assessment to discuss your industry-specific technology challenges.

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