ASSESSING DATA SECURITY STRATEGIES IN FINANCIAL INSTITUTIONS: SAFEGUARDING SENSITIVE INFORMATION IN THE AGE OF FINTECH AND REGTECH

The rapid digitalization of financial services, driven by fintech and regulatory technology (RegTech) innovations, has fundamentally transformed the landscape of data security in financial institutions.This article provides a comprehensive analysis of evolving security strategies employed by financial organizations to protect sensitive information while maintaining operational efficiency and regulatory compliance.Through a detailed examination of core security technologies, including encryption methodologies, tokenization techniques, and secure multi-party computation, the article reveals the critical role of emerging technologies such as blockchain, artificial