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This question is about financial services industry statistics.
What are the main challenges for the financial services industry in the next five years?
The main challenges for the financial services industry in the next five years are keeping up with changes in regulations and technology and eliminating data breaches.
As with any industry that is highly regulated, it can get complicated for the financial services industry to keep up with the changes in laws and ensure that they're completely compliant. However, the consequences of not doing so are tremendous, making this a challenge that the financial industry needs to be continuously ready for.
In addition, as an industry that relies heavily on technology to handle sensitive material and interact with its customers, it's going to be vital that financial services companies keep their technology current and protect themselves from data breaches.
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