How Asigra helps solve the big data protection challenges of banks

Apr 2013

How Asigra helps solve the big data protection challenges of banks

Posted by Pavan Vyas in Cloud Backup

The financial services vertical has traditionally been one of the largest spenders on technology. Financial firms, faced with the need to cut costs, improve customer service, and keep to regulatory requirements are constantly on the lookout for new and innovative solutions and technologies. Incidentally, the financial services space is also one of the most open towards seeking the help from external service providers for their information technology needs. All of this makes financial services firms an attractive market for you to offer IT services to.

In particular, when it comes to data backup and recovery services, financial services firms such as banks are facing a number of challenges:

  • Big data: Banks are grappling with the rapid growth of data. Not only do banks have to adapt to new data streams and formats, they are also challenged by the pace of data growth. All this places huge challenges on data protection infrastructure
  • BYOD: Bring Your Own Device movements are gaining ground in enterprises; banks are not going to be able to hold off much longer. As a result, banks will need the ability to protect their data on all devices including mobile endpoints such as laptops, tablets, and smartphones.
  • Consumerization of IT: As users begin to demand consumer like experiences such as self service provisioning, IT departments in banks will look for opportunities to provide end users with a lot more control of their data and its destiny.
  • Data Security: As hacker activity increasingly begins to target banks, it is essential that any IT asset added to the mix is capable of ensuring the security of the firms' information assets as well as ensuring that it does not create any new threats to the firm's IT infrastructure.
  • Ever reducing RPOs and RTOs: While data is increasing at a rapid rate, the tolerance towards recovery times and recovery points is constantly decreasing. Instant recovery is almost an expected feature today as is the requirement for multiple levels of redundancy.

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