The Growing Challenge of Compliance & Data Security in Financial Services

Regulatory compliance and data security are officially the hottest topics in FinServ – and not in a good way. Around 57% of UK financial professionals rank them as their top challenge for 2025, and honestly, who can blame them? 

More than half of UK businesses faced a cybersecurity breach last year. Also, 91% of tech companies released software with problems. This puts a lot of pressure on the FinServ industry.

Source: HubSpot survey, October 2024

The Growing Complexity of Compliance

Here’s the kicker: compliance isn’t getting any easier. 62% of decision-makers say it’s tougher now than it was five years ago. 36% of businesses faced penalties for non-compliance in the past year alone. This is not just a financial burden but also a reputational risk that can have long-term implications. To make matters worse, compliance teams are feeling the heat, with increasing workloads and ever-evolving regulations.

So, what’s the solution? 

Many FinServ companies are trading in their legacy systems for modern tools designed to streamline compliance processes and enhance security. Investing in the right technology can reduce risk and empower businesses to operate with confidence in a highly regulated environment.

At Inbound FinTech, we believe the future of the FinServ industry lies in leveraging powerful platforms like HubSpot. HubSpot’s secure and integrated tools make navigating compliance and data security challenges simpler and more effective. 

Let us help you get ahead of the curve and turn compliance into a competitive advantage. 

Download the eBook for a complete guide to navigating FinServ in 2025!