SACCO FINTECH FORUM
It is time Sacco balanced innovation and optimization to gain efficiency, improve productivity, increase agility and move faster with technological advancements.
Research by Ganter, a leading research and advisory company, shows digital innovation generates 47% revenue in financial institutions. However, 70% of the ICT budget in many financial institutions is spent on maintenance.
Locally many cooperative societies have been found to lack proper digital transformation framework strategy and ICT policy. This disadvantages the institutions as they cannot use data for meaningful analysis.
Trends in cybersecurity globally
With many IT assets now outside traditional enterprise perimeters, IT leaders must rethink security. Enter the cybersecurity mesh architecture, a composable and scalable approach to extend security controls to distributed assets by decoupling policy enforcement from the assets being protected.
Digital assets and individuals are increasingly located outside of the enterprise, which is forcing organizations to rethink their approach to security controls. Cybersecurity technology suppliers are helping their customers extend controls everywhere they are needed by using an architectural and delivery model that Gartner refers to as the “cybersecurity mesh.”
A cybersecurity mesh is a modern security approach that consists of deploying controls where they are most needed, in a composable, scalable, flexible, and resilient manner. Rather than every security tool running in a silo, a cybersecurity mesh enables tools to interoperate by providing foundational security services such as a distributed identity fabric, security analytics, intelligence, automation, and triggers, as well as centralized policy management and orchestration.
