“KOMpliance offered a great combination of technology, ease of use, and cost which were very important to us….”, said Gary Hanold, dir of IT at Angel Medical Center.
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KOMpliance Financial Services Solutions
Critical Data Storage & Protection for Financial Services
Regulations and regulatory bodies and agencies such as Basel I & II, SEC, FINRA and Sarbanes-Oxley touch the heart of the financial industry and are the top IT spending priorities for many organizations faced with regulatory and corporate requirements.
Complying with government regulations, passing audits and preparing for possible legal proceedings requires maintaining information for specific periods of time. In the financial services industry, the need for data retention is evident. There are many mandates that govern the long-term retention of a variety of financial data (the Bank Secrecy Act, the Credit Reporting Act, the Patriot Act, the UK Data Protection Act, etc.). These regulations require financial institutions to keep some financial documents permanently. Meanwhile, the Gramm-Leach-Bliley Act and the Federal Trade Commission require that customer information be secured and kept confidential. At the same time, the Rules of Civil Procedure require that financial institutions rapidly produce electronic data for audits and legal cases.
Seems so complex but we have a simple automated integrated storage solution to secure, protect, retain and ultimately securely eliminate data according to the strictest regulations
Make Data Accessible, Compliance Achievable, and Security a Priority
KOM software ensures information integrity and availability by securing data from non-authorized access, preventing tampering, and enforcing retention.
KOMpliance, OptiServer, and OptiFile are currently deployed by major financial institutions around the world such as HSBC, Deutsche Bank, and Citibank to achieve regulatory compliance.
- Absolute protection from change or deletion of transaction data using our patented ILM and eWORM technologies
- AES-256 encryption to protect privacy of data during storage and transmission
- Automatic enforcement of retention policies
- Proven compatibility with most systems, applications and IT environments
- High-performance archiving rates that keep up with the heaviest workloads.
- No vendor lock-in, choose your favorite storage, eliminate expensive data migration as technology changes.
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.
Learn more about cost-effective compliance for your business. Speak with a KOMpliance expert and ask for a demonstration +1 (613) 599-7205.
