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Your clients value speed in financial transactions. How do you convince them to prioritize data privacy?

In the fast-paced realm of finance, convincing clients to value data privacy over speed requires tactful education and reassurance. To strike this balance:

- Highlight the consequences of neglecting privacy, such as potential breaches and financial losses.

- Offer examples of how robust security measures can actually streamline future transactions.

- Provide clear, step-by-step explanations of privacy protocols to demystify the process.

How do you encourage clients to see data privacy as an investment rather than an inconvenience?

Financial Technology Financial Technology

Financial Technology

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Your clients value speed in financial transactions. How do you convince them to prioritize data privacy?

In the fast-paced realm of finance, convincing clients to value data privacy over speed requires tactful education and reassurance. To strike this balance:

- Highlight the consequences of neglecting privacy, such as potential breaches and financial losses.

- Offer examples of how robust security measures can actually streamline future transactions.

- Provide clear, step-by-step explanations of privacy protocols to demystify the process.

How do you encourage clients to see data privacy as an investment rather than an inconvenience?

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18 answers
  • Contributor profile photo
    Contributor profile photo
    Maedeh Molana

    Helping investors make smarter decisions

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    To position data privacy as an investment, emphasize that robust privacy measures enhance trust and long-term relationships, ultimately leading to customer loyalty and reduced risk of costly breaches. Share success stories where strong data protection has safeguarded assets and improved operational efficiency, illustrating that a secure foundation accelerates growth rather than hinders it.

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    NeiCarlos l

    Top Voice LinkedIn (x8) | Transição de carreira

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    Para convencer seus clientes a priorizar a privacidade dos dados, destaque que a segurança dos dados é essencial para manter a confiança e evitar fraudes. Explique como medidas robustas de segurança não apenas protegem informações sensíveis, mas também garantem a continuidade dos serviços. Ofereça exemplos de empresas que sofreram perdas devido a falhas na segurança. A velocidade é importante, mas a privacidade é vital para a proteção e a longevidade das operações financeiras.

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    Kęstutis Gardžiulis

    Digital-Banking Pioneer 🏦 FinTech Dreamer 🚀 Advisor & Mentor 🤝 Award-Winning Founder 🏆

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    At first glance, speed and privacy may seem like they come from different worlds. But in reality, they are not in opposition. While speed delivers convenience, privacy ensures trust. In the long run, data privacy enhances the speed of transactions by creating trust in the system, reducing friction, and preventing costly security breaches. Trust builds relationships, and trusted systems ultimately operate more smoothly and efficiently. If clients feel safe, they won't hesitate, and transactions flow faster. So, speed without privacy is short-term gain; privacy ensures long-term efficiency. Building both from the start prevents risks that could slow down your operations later.

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    Víctor Raúl Solis Garavito

    Helping Professionals to Get the Job You are Looking Through Accelerated Employability Strategies at Dream Job Company

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    Highlight the Risks of Neglecting Privacy: Clearly articulate the potential consequences of data breaches, including financial losses, identity theft, and reputational damage. Use real-world examples of high-profile data breaches to emphasize the severity of the risks.

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    Thiago Cordeiro

    Gerente Financeiro | ERP OMIE, SAP | Power BI | Looker Studio | Contas a Pagar/Receber | Fluxo de Caixa | DRE | KPIs | Automação | FP&A | Tesouraria | Faturamento | Liderança de Equipes | Relatórios Gerenciais

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    Convencer os clientes a priorizar a privacidade dos dados, mesmo em um ambiente onde a velocidade nas transações financeiras é altamente valorizada, requer uma abordagem estratégica. Uma solução eficaz é educá-los sobre os riscos associados à falta de proteção de dados, destacando como violações podem resultar em consequências financeiras e reputacionais significativas. Além disso, enfatize que a implementação de medidas de privacidade não significa comprometer a velocidade; soluções tecnológicas avançadas, como criptografia e autenticação em dois fatores, podem acelerar as transações enquanto protegem dados sensíveis.

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