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Financial services / Banking and Financial Services


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βœ… Due Diligence
Risks
1. Security Risks: There is a risk that additional features may introduce new security vulnerabilities into the mobile app. In order to protect user data, a secure implementation of the analytics program must be thoroughly tested and monitored.

2. Data Privacy: User privacy must be considered when collecting data. Customers must be properly notified about the types of data being collected, how it is used, how it is stored, and what measures are taken to protect it.

3. Compromised Performance: The integration of analytics into a mobile app requires additional resources and could lead to a deterioration in performance. If not properly managed, the performance of the mobile app could be significantly impacted or the app may not even work.

4. Resource Overload: With a larger number of analytics requests, the app may become overwhelmed and fail to respond in a timely manner. This could lead to a negative user experience or user abandonment.

5. Regulatory Compliance: Depending on the industry, integrating analytics into a mobile app could result in tight regulatory compliance issues. A thorough review of current laws and regulations could help to identify any potential compliance issues.

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