US financial sector can meet compliance obligations despite tech gap: Survey
Financial Institutions
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The vast majority of US financial services professionals are confident that they can meet their compliance deadlines and obligations in 2025, despite just 3% currently happy that their technological capabilities meet compliance requirements, finds a new survey by Finextra Research.
Bridging the Compliance tech gap
Conducted in January this year, the Finextra survey was completed by more than 200 finance professionals, ranging from C-level executives in banks to payment service providers and fintech firms.
It found that 96% of respondents were either ‘very confident’ or ‘quite confident’ in their ability to meet 2025’s compliance deadlines. However, despite this widespread confidence, there remains a critical technological challenge ahead, with only 3% happy with their firm’s current technological capabilities when it comes to compliance.
Some 72% of those surveyed use data analytics to meet regulatory requirements, with 66% using AI. Despite this trend towards data-driven decision making, there remains a gap between technological adoption and technological integration to properly utilize these tools for effective regulatory compliance.
Demand for regulatory support
The survey also found that 46% will spend 8-10% of their EBITDA meeting compliance obligations this year. This figure represents a significant outlay for some respondents – 36% of those surveyed said that costs associated with compliance were their main concern within the regulatory environment.
A notable increase in financial firms’ willingness to collaborate with third-party experts was also apparent in the survey: this year, 73% of institutions report working with external consultants to help them navigate the regulatory landscape to remain compliant.
“Leveraging the compliance expertise of dedicated third parties is an increasingly favored option among US financial organizations. The fines for non-compliance can be painful for any financial institution, and the dedicated expertise that external partners can offer is invaluable in helping these firms mitigate and navigate their risk management frameworks.”
Finally, cybersecurity remains a source of headache for many financial service professionals, the Finextra survey also found. The Bank Data Security Act was cited by 26% of respondents as the most influential regulation of 2025.
Find out how 1GLOBAL Compliance Services can help you easily and securely meet your regulatory obligations — talk to our team today.
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1GLOBAL is a distinguished international provider of specialty telecommunications services catering to Global Enterprises, Financial Institutions, IoT, Mobile Operators and Tech & Travel companies. 1GLOBAL is an eSIM pioneer, a fully accredited and GSMA-certified telco, a full MVNO in nine countries, fully regulated in 42 countries, and covers 190+ countries.
It delivers comprehensive communication solutions that encompass Voice, Data & SMS - all supported by a unique global core network. It’s constantly expanding portfolio of advanced products and services includes White Label eSIMs, Connectivity Solutions, Compliance and Recording, Consumer & M2M SIM Provisioning and an Entitlement Server.
is a Senior Content Team Lead for 1GLOBAL. Ian has decades of content creation, communications and journalist experience in tech, environment and real estate, with a primary focus on solar photovoltaics and renewable energy. He works and resides in Berlin.
