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Financial Services
Financial services firms share an urgent need for uninterrupted access to critical financial data. For organizations that operate 24x7, the term "high availability" takes on new meaning. Business continuity hinges on continuous data availability and rapid recovery from outages. According to the Financial Services Technology Consortium, in dealing with business disruption the focus has shifted from resumption and recovery, to "continuity", and is increasingly focused on "resiliency". This means ensuring that data is both available and protected in accordance with regulatory requirements such as Gramm-Leach-Bliley, SEC 17a-4, Sarbanes-Oxley and other relevant requirements.
One of the key aspects to resiliency is ensuring that the organization can recover to a specific business event. For instance, it is not uncommon for a financial services organization to need roll back to a specific multi-million-dollar transaction. This means not simply restoring a single system to a given moment in time. This type of business-event recovery means ensuring that all the relevant systems, databases and applications can be synchronized to the event, even when multiple applications and servers are involved.
Another important aspect of resiliency lies in dealing with the ever-growing amounts of data to be backed up every night. Completing the backup before the next day's work begins is at best a challenge, and for many an impossibility. Yet simply accelerating the backup is not good enough: financial institutions need both immediate data availability, and long-term data replication for disaster recovery. Whether a short-term failure caused by a virus, human error or application failure, or a true site-level disaster, the organization needs to ensure that vital information is available at a moment's notice.
Of course, any disaster recovery or continuous data availability plan must take into consideration the heterogeneous storage infrastructures that are present in many financial organizations. Rather than resorting to costly replicates of the existing data center, a secondary site should be able to run on less-expensive infrastructure yet still work across any vendor's storage hardware and provide the level of service needed.
InMage solutions are helping organizations around the country avoid backup windows altogether, ensure cross-platform data availability, and implement even the most rigorous disaster recovery plans in a very cost-effective manner. We invented the concept of Business Event Recovery, uniquely suited to financial institutions. Unlike other vendors who will only let you recover to a given point in time, we provide you with the ability to recover to a specific business event, such as a transaction over $1M or a month-end close.
InMage understands financial services.
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