The financial industry sector has been one of the most heavily impacted by the increasing number of regulations covering the privacy, security and retention of stored data.

Regulatory compliance is a major and growing expense for firms of all sizes but one which disproportionately affects SMBs. Failure to comply with any these regulations though, can result in sizeable civil and criminal fines, business restrictions, loss of licenses, and even jail time.

Much of the covered information is unstructured data: enterprise application files and email messages. The number of these files is growing rapidly and probably represents the majority of stored data.

KOM Networks has worked with commercial banks, investment companies, credit card companies and other financial services organizations around the world to directly address their data storage needs.

Improve Business Processes

Changes in business conditions, such as those resulting from government regulations, competition, new technologies, and economic cycles are a constant. KOMpliance can dynamically configure and intelligently apply policy changes 'on-the-fly' with no application downtime; providing storage resources, data protection, archiving, ILM, and compliance measures on demand, as needed.

Improve Data Quality

KOMpliance data retention policies ensure that files cannot be moved, modified, or altered while they are retained. In addition, KOMpliance can block visibility and securely prohibit access to files, making them private and only accessible to applications that know the actual full file name and path.

Key Features Include