# Overcoming AppSec Challenges in FinServ: How CIBC Balances Speed, Security, and Compliance

DevFeed: [Overcoming AppSec Challenges in FinServ: How CIBC Balances Speed, Security, and Compliance](<https://devfeed.tech/articles/overcoming-appsec-challenges-in-finserv-how-cibc-balances-speed-security-and-compliance-8042.md>)

Original publisher: [Read original article](<https://snyk.io/blog/overcoming-appsec-challenges-in-finserv-how-cibc-balances-speed-security-and/>)

Author: Snyk Team

Published: 2025-03-20T04:00:00Z

Content type: article

Language: en

Sources: [Blog RSS Feed | Snyk](<https://devfeed.tech/sources/blog-rss-feed-snyk.md>)

Topics: [Application Security](<https://devfeed.tech/topics/application-security.md>), [Security, Privacy and Abuse Prevention](<https://devfeed.tech/topics/security-privacy-and-abuse-prevention.md>), [DevSecOps](<https://devfeed.tech/topics/devsecops.md>), [vulnerability management](<https://devfeed.tech/topics/vulnerability-management.md>), [Artificial Intelligence](<https://devfeed.tech/topics/ai.md>), [Automation](<https://devfeed.tech/topics/automation.md>), [threat detection](<https://devfeed.tech/topics/threat-detection.md>), [cloud-infrastructure](<https://devfeed.tech/topics/cloud-infrastructure.md>), [Cybercrime](<https://devfeed.tech/topics/cybercrime.md>)

Tags: [ai](<https://devfeed.tech/tags/ai.md>), [application-security](<https://devfeed.tech/tags/application-security.md>), [automation](<https://devfeed.tech/tags/automation.md>), [blog](<https://devfeed.tech/tags/blog.md>), [cloud-infrastructure](<https://devfeed.tech/tags/cloud-infrastructure.md>), [community](<https://devfeed.tech/tags/community.md>), [compliance](<https://devfeed.tech/tags/compliance.md>), [customer](<https://devfeed.tech/tags/customer.md>), [customer-featured](<https://devfeed.tech/tags/customer-featured.md>), [data-privacy](<https://devfeed.tech/tags/data-privacy.md>), [devsecops](<https://devfeed.tech/tags/devsecops.md>), [executive](<https://devfeed.tech/tags/executive.md>), [financial-services](<https://devfeed.tech/tags/financial-services.md>), [finserv](<https://devfeed.tech/tags/finserv.md>), [interest](<https://devfeed.tech/tags/interest.md>), [pci-dss](<https://devfeed.tech/tags/pci-dss.md>), [security](<https://devfeed.tech/tags/security.md>), [soc-2](<https://devfeed.tech/tags/soc-2.md>), [threat-detection](<https://devfeed.tech/tags/threat-detection.md>), [vulnerability-management](<https://devfeed.tech/tags/vulnerability-management.md>)

## AI overview

This article distills a fireside-chat discussion about application security challenges in financial services, featuring Snyk's Field CTO and CIBC's Senior Director of Security Service Management. It covers the tension between rapid innovation and strict compliance, risks from cybercrime, data privacy, cloud infrastructure, third-party services, legacy systems, and modern applications, and the role of automation, continuous security testing, monitoring, DevSecOps, AI-driven tools, and human oversight in vulnerability management.

## Source excerpt

Join Snyk's Field CTO, Steven Schmidt, and Mihai Saveschi, Senior Director of Security Service Management at CIBC, for an exclusive fireside chat on the evolving landscape of application security in financial services.