Financial Services Organization Face Increasing pressure to comply with rapidly evolving regulatory requirements for data integrity and security. In addition, valuable stored data continues to grow at exponential rates.
Meanwhile, customers expect around-the-clock access to their account information from their computers and mobile devices. In fact, many banks have developed customized mobile applications that enable 24/7 account transactions, including deposits and transfers of funds.
Considering the highly sensitive nature of financial information, the effects of lost or compromised data can be detrimental for firms, investors and customers.
Banks and insurance companies need to deploy availability solutions that meet regulatory requirements, enable high-speed data recovery, avoid data loss, verify the recoverability of enterprise data and provide complete visibility into enterprise backup infrastructure. Financial services firms will lose customers if there are any doubts about the security or reliability of account information. Enabling an always-on enterprise is critical.