Part 2/5:
The BFSI sector often finds itself navigating a delicate balance. Despite the intention for regulations not to hinder progress, the reality is that they sometimes do. Companies within this space have to ensure strict adherence to compliance standards, which can slow down the pace of implementing new technologies or processes. This cautious approach is understandable given the implications of non-compliance, but it can also pose challenges for agility and competitiveness.