The financial services sector is among the largest industries in the world. While each sector under the financial services umbrella may have subtly different regulatory requirements, and countries around the world likewise impose unique regulatory requirements – for instance, FINRA and Sarbanes-Oxley in the U.S. and the General Data Protection Regulation (GDPR) in the EU – every global financial institution has an obligation to retain, protect, secure and maintain access to its data for long periods of time. In addition to its unique data protection and security features, Alliance Storage Technologies provides industry-critical capabilities such as the ability to seamlessly migrate data into an archival storage solution on-premises and/or in the cloud and retrieve content on-demand.
Cost Effective & Secure Data Retention
Most importantly, is the requirement for non-repudiated data. IT departments within the Financial industry that begin to modernize their storage infrastructures will benefit greatly through the implementation of an Alliance data archiving solution. Alliance provides long-term data retention Archiving Solutions for the financial industry that are both cost-effective and more secure than other alternatives. Alliance’s Cloud-Integrated Storage (CiS) approach to tiered data archiving seamlessly combines optical Network Attached Storage (NAS) libraries and Cloud storage.
Additionally, the Encryption feature enables organizations to comply with regulatory mandates and adds an additional layer of data security. Alliance’s data encryption option is FIPS 140-2 compliant with AES 256 bit encryption algorithms.
Financial Industry Requirements and Alliance's NAS Solutions
Preserving Data Unaltered – Alliance's solutions are based upon true Write-Once-Read-Many (WORM) optical technology. Encrypted data is written to optical media after which it becomes unalterable remaining intact for periods greater than 50 years. The extended media life dramatically reduces media maintenance decreasing the frequency of data migration and reducing costs over the life of the archive.
Encryption – With this optional feature, data at-rest is encrypted with unique keys for each object using FIPS 140-2 compliant AES-256 encryption algorithms.
Transmission Security and Integrity – Within the insurance industry, confidence is extremely important. Alliance's NAS solutions integrate seamlessly with existing storage networks presenting as a standard TCP/IP resource with support for CIFS, NFS, and FTP protocols. The server security-administration ensures that it can recognize and approve validated clients.
Flexible Controls – The Archive Management Software offers the flexibility needed for regulatory compliance with powerful policy-based controls. Users can set policies for data migration, manage volumes, and release and migrate files and online/offline media.
User Authentication (person or entity) – Authentication services are supported using Windows Active Directory, Local User Level Security, or LDAP. Additionally, local users can be defined with unique assigned passwords for access to the Archive Appliance.
Device and Media Controls – Accountability – Optical media can be offlined and removed from the library. The Archive Management Software tracks all nearline and offline media by barcode, human readable code, date ejected, pool and archive.
Backup and Recovery – Archive libraries are capable of backing up all critical archive system components which significantly increases the speed of data recovery in the event of system failure. Additionally, multiple copies of media can be created automatically and stored offsite as well as be automatically replicated to a target appliance for high availability.
Disaster Recovery - Optical media provides an affordable disaster recovery option as automatically duplicated media can be removed from libraries and stored off-site. The Replication feature of the Archive Appliance offers the ultimate in disaster recovery protection with duplicate libraries located in different physical locations providing constant availability to data is key to business continuity and high-availability.
Email and Image Archiving – Partnering with industry-leaders, Alliance's solutions integrate with third-party software applications that manage and sort content, such as email, documents and images, according to the internal policy guidelines established within that application. The images and email are then stored efficiently and securely on Alliance's NAS optical libraries that fit directly into the existing storage network.