Neverfail for Financial Services

Protecting revenue, profit, and productivity

Regulatory changes have implications for IT architectures within financial institutions, which have high degrees of complexity, multiple stakeholders, and high costs of change. However, these developments provide opportunities for firms to simplify IT resources by investing in data protection, business continuity, disaster recovery, and risk management. Upgrading technology and processes to promote business continuity can enhance operations, reduce risks, and improve data provisioning.

Traditionally, financial institutions have addressed incremental regulatory changes through adjustments to enterprise-wide regulatory and risk management programs. Resultantly, each successive compliance initiative produces small changes across entire architectures, including components associated with data aggregation and reporting. However, recent regulatory amendments have caused this approach to become unsustainable. Consequently, institutions must address regulatory changes, innovation, and data protection with new strategies.

Balance of desired levels of IT protection with budgetary limitations often proves the most significant challenge presented by these reforms. In addition to regulatory compliance failures, IT outages can impose both tangible damages (e.g., revenue losses, contract breaches, rating downgrades) and intangible losses (e.g., reputation degradation, decrease in market share, poor employee retention) on financial firms. Neverfail prevents these consequences while allowing firms to abide by regulatory requirements and provide continuity to end users.

Features and Benefits

Protection of revenue, profit, and productivity by ensuring uninterrupted availability of mission-critical applications
Preservation of brand recognition and customer loyalty though proactive mitigation of disasters
Compliance with SEC, FDIC and GLB regulatory requirements
Deployment of high availability and disaster recovery solutions over LANs and WANs
Compliance with business continuity practices
Conduction of regular testing without user disruption, additional storage, or impact on in-flight data transactions
Complete assessment of server configurations and environments, as well as automatic identification of problems that could lead to failures
Rapid restoration of application data and configurations to previous points in time.
Continuity of user connections to key applications during all classes of failure events, including disruptions caused by errors in configurations, networks, operating systems, physical server hardware, applications, and data
Seamless failover and switchover between servers
Automatic failover that does not affect critical transactions or end users
One-click switchback following failover, which desynchronizes servers once primary servers regain functionality
Protection from data corruption through rapid restoration of application data and configurations to previous points in time