FinServ is one of the areas prone to disruption, as FinTech startups and entrepreneurs have a different take on financial services. FinServ is one of the areas prone to disruption, as FinTech startups and entrepreneurs have a different take on financial services.
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol. This information is often quite valuable when policies must be evaluated or used in ambiguous situations, just as the intent of a law can be useful to a court when deciding a case that involves that law. 2  Definitions, providing clear and unambiguous definitions for terms and concepts found in the policy document.
Standards are much more specific than policies. Standards are tactical documents because they lay out specific steps or processes required to meet a certain requirement. As an example, a standard might set a mandatory requirement that all email communication be encrypted.