HP StorageWorks ESL712e Ultrium Enterprise Library AA934B Leaflet
Product codes
AA934B
Retail banks are under tremendous pressure today to drive
growth in revenue and profits. At the same time, they are
faced with intense competition and the challenge of
creating long-term differentiation for their product
offerings. Mergers and acquisitions, changing customer
preferences, and stringent regulatory frameworks have
made banks vulnerable to losing market share quickly.
growth in revenue and profits. At the same time, they are
faced with intense competition and the challenge of
creating long-term differentiation for their product
offerings. Mergers and acquisitions, changing customer
preferences, and stringent regulatory frameworks have
made banks vulnerable to losing market share quickly.
In addition, heightened awareness of terrorist threats and
cyber crime are concerns for both banks and their
customers. As the TowerGroup asserts in Terror Warning
for US Financial Institutions, “Firms must do much more to
ensure that front-office and delivery functions continue
uninterrupted in the face of crisis.“
cyber crime are concerns for both banks and their
customers. As the TowerGroup asserts in Terror Warning
for US Financial Institutions, “Firms must do much more to
ensure that front-office and delivery functions continue
uninterrupted in the face of crisis.“
In the past, if IT systems went down, a bank could manage
without them for a while. Today, technology is woven so
thoroughly into the fabric of day-to-day processes that a
bank’s data is its business. To compete effectively and grow,
retail banks need robust continuity solutions that ensure the
availability of critical data 24 x 7.
without them for a while. Today, technology is woven so
thoroughly into the fabric of day-to-day processes that a
bank’s data is its business. To compete effectively and grow,
retail banks need robust continuity solutions that ensure the
availability of critical data 24 x 7.
Threats to continuous operation
Security breaches, cyber crime, business disruptions, and
downtime have become a major focus for CIOs in the
financial services industry. To remain viable, banks must
manage multiple types of risk—operational risk,
compliance risk, financial risk, and a unique type of risk
called “concentration risk,“ which derives from the historic
location of financial centers in a handful of global
financial centers, such as New York, London, Frankfurt,
Hong Kong, and Singapore.
downtime have become a major focus for CIOs in the
financial services industry. To remain viable, banks must
manage multiple types of risk—operational risk,
compliance risk, financial risk, and a unique type of risk
called “concentration risk,“ which derives from the historic
location of financial centers in a handful of global
financial centers, such as New York, London, Frankfurt,
Hong Kong, and Singapore.
To decrease risks, banks must anticipate and prepare for
wide-scale, systemic disturbances as well as isolated,
local disturbances
wide-scale, systemic disturbances as well as isolated,
local disturbances
Financial institutions in general, are well aware that
getting consistent and timely information to everywhere
the customer is, in real time, as the customer interacts with
the bank is imperative. If the flow of transactions from any
number of delivery channels, such as ATM’s and online
banking, is interrupted, having a continuity solution in
place assures information availability and disruption
transparency to the customer.
getting consistent and timely information to everywhere
the customer is, in real time, as the customer interacts with
the bank is imperative. If the flow of transactions from any
number of delivery channels, such as ATM’s and online
banking, is interrupted, having a continuity solution in
place assures information availability and disruption
transparency to the customer.
Continuity solutions for retail banking
A solution brief from HP StorageWorks
In today’s retail banking environment, having a continuity solution that
ensures critical data is always available is a necessity—not only for
improving market share, but also for complying with present and future
regulatory requirements.
ensures critical data is always available is a necessity—not only for
improving market share, but also for complying with present and future
regulatory requirements.