Financial Services IT Compliance

Financial Firms Face New Rules

Banks and financial companies must follow strict IT rules. The FTC Safeguards Rule changed in 2023, and now you need more security controls than ever before.

9 Security Controls: Required elements under FTC Safeguards Rule (VERIFIED)
Significant Penalties: FTC can impose substantial fines for non-compliance
Many Firms Struggle: Small firms often need help meeting requirements

We Know Financial Compliance

Solution Builders helps financial firms pass audits and avoid fines. Our team knows every rule that affects your business, and our compliance services protect you from costly mistakes.

FTC Experts: We implement all 9 required Safeguards Rule controls.
Quick Setup: Most firms are compliant within 30 days.
Audit Ready: We prepare all the documents examiners need to see.

A Comprehensive Approach to Financial Services IT Compliance

FTC Safeguards Rule Compliance

The FTC requires nine specific controls for all financial firms. We set up and maintain each control for you, including your risk assessment, access controls, and employee training. We also handle your information security plan and incident response procedures. Most firms struggle with these complex requirements on their own.

SOX Compliance for Public Companies

Public companies and their service providers need SOX controls. We manage your IT general controls and access management, which covers change management, system operations, and data backup procedures. Our team documents everything auditors need to see, and we make sure your financial reporting systems stay secure and compliant.

Banking Compliance Standards

Banks face extra rules beyond basic financial compliance. We handle GLBA requirements and FDIC technology guidelines, including vendor management, business continuity planning, and examination readiness. Our solutions meet both federal and state banking regulations, keeping your bank ready for any regulatory review.

PCI Compliance for Card Processing

Any business that takes credit cards needs to be PCI compliant. We secure your payment systems and network segmentation. This includes firewall management, encryption, and vulnerability scanning. Our team handles your quarterly scans and annual assessments, making PCI compliance simple for financial service providers.

State Privacy Law Compliance

New state laws add more compliance requirements every year. We help with California’s CCPA and other state privacy rules, which covers data mapping, privacy notices, and consumer rights management. Our systems track changing requirements across all states, so you stay compliant as new laws take effect.

Vendor Risk Management

Financial firms must monitor all their technology vendors. We create and maintain your vendor oversight program, including risk assessments, due diligence, and ongoing monitoring. Our process meets regulatory expectations for third-party management, and we document everything for your next examination.

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Managed Financial Services IT Compliance for Your Business

Smart compliance protects your firm without slowing you down. We handle the complex technical requirements while you focus on serving clients.

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No More Fines

Stay compliant with all federal and state regulations.

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Pass Every Audit

We prepare all required documentation in advance.

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Sleep Better

Know your firm is protected 24/7/365.

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Save Money

Compliance costs less than a single regulatory fine.

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Keep Clients Happy

Show them their data is safe and secure.

Financial Services IT Compliance Features

Our compliance platform uses the ThnAir™ system to track every requirement. You get 24/7/365 monitoring through our help desk team, and your dedicated relationship manager keeps everything running smoothly.

Connect With Our Experts

Ready to Connect with Your Financial Services IT Compliance Experts?

Stop worrying about fines and failed audits. Contact our team to protect your financial firm today.

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IT Compliance Solutions

Meet regulatory requirements with expert IT compliance services for regulated industries. Ensure your business stays compliant while maintaining operational efficiency and security standards.

FAQs

Financial Services IT Compliance FAQs

Regulatory Requirements & Standards

What is the FTC Safeguards Rule?

The FTC Safeguards Rule requires financial firms to protect customer data. You need nine specific security controls including a written plan, security officer, and risk assessments. The rule applies to any business that handles consumer financial information. Fines start at $100,000 per violation per day.

Do credit unions have different requirements?

Credit unions follow NCUA guidelines plus the FTC Safeguards Rule. They also need to meet state requirements and GLBA standards. We understand the unique needs of credit unions. Our compliance program covers all credit union regulations in one solution.

Do you handle compliance for fintechs?

Yes, we help fintech companies meet all regulatory requirements. This includes state licensing, banking partnerships, and data security rules. We understand the unique challenges fintechs face. Our solutions scale as your fintech grows and enters new markets.

Implementation & Support

How long does compliance implementation take?

Most financial firms are fully compliant within 30 days. We start with your highest risk areas first. The FTC Safeguards Rule controls take about two weeks to implement. SOX and banking compliance may take longer depending on your current systems. We work around your schedule to minimize disruption.

Can you help with existing compliance violations?

Yes, we help firms fix compliance problems quickly. We assess your current gaps and create a remediation plan. Our team implements missing controls and updates documentation. We can usually resolve violations within two weeks. We also help communicate with regulators during the process.

Audits & Costs

What happens during a compliance audit?

Auditors review your policies, procedures, and technical controls. They check employee training records and test your security systems. We prepare all documentation before the audit starts. Our team helps you respond to any auditor questions or requests. Most of our clients pass their audits on the first try.

How much does financial compliance cost?

Compliance costs vary based on your firm’s size and complexity. Our predictable monthly pricing starts at a fraction of potential fines. Most firms save money by avoiding just one violation. We include all required tools and monitoring in our flat fee. There are no surprise costs or hidden fees.

Latest Blog

Learn More About Financial Services IT Compliance

Read more about financial compliance and risk management for banks and financial firms. Our knowledge center provides guides and insights to help you understand regulatory requirements and best practices from our 29+ years serving Twin Cities financial companies.

Technology January 16, 2026