Financial Firms are Firming Up Their Data Centers
Bankers, lenders, traders, lend me your ear. Financial institutions of all kinds are facing a tsunami of data that must be managed, accessed and secured according to increasing federal regulations. That has created a need for next-generation connectivity, more computing power and more storage. In-house legacy systems quickly become constrained and even antiquated. Data centers that cater to financial services companies must have cloud architecture that can deal with sensitive content and maintain compliance with federal and state laws.
Banking on Technology
There is a technology boom in the financial industry. Every day new applications hit the market with the promise of streamlining operations, creating better access through mobile solutions and mitigating security breaches. These new technologies demand vast amounts of bandwidth and real-time accessibility to data. Financial institutions face several mission critical challenges:
– Security — IT security threats are driving the re-engineering of IT deployments and security processes to contend with millions of hackers attempting to break into critical applications.
– Disaster Recovery – The need for robust disaster recovery solutions, including synchronized data redundancy and backup solutions is greater than ever.
– Connectivity – The more connected you are, the more efficient you can be. Being able to burst into public clouds for demand spikes allows you to instantly right-size your bandwidth.
Take the Inside Track with Outsourcing
Yes, there is a cloud movement going on in the financial services industry and companies of all sizes are migrating from in-house, on-site servers to massive, modular data centers.
Yes, the transition to outsourcing a data center can be daunting. But the benefits far outweigh the hassle. Besides, as mentioned earlier, the cost to maintain and upgrade a data center, including significant amounts of capital expenditure, is simply not sustainable for most companies. Reallocating scarce resources to support core business growth activities just makes more sense.
What to look for in a Financial Services Data Center
Financial institutions are constantly running to keep pace with changes in consumer demand. Look for a data center that can offer flexible, right-sized solutions that effectively balance consumer, compliance and IT needs. High-density deployment capabilities are also critical in efficiently collecting, processing, storing and reporting large volumes of financial data. And, let’s not forget about regulatory requirements where ISO 27001, HITECH and other certifications ensure and enforce proper standards.
You will also want a Data Center provider with locations in major cities throughout the Unites States and key financial hubs all over the globe, including London and Singapore. In fact, having secure connectivity to multiple global cloud and network services like Amazon Web Services, Microsoft Azure and Google are a big plus.
Financial Institutions are best served by highly secure and reliable multi-tenant data centers for mission-critical IT environments.
Think like Brinks
“We needed a highly reliable data center with sufficient space and power to enable us to quickly grow and expand our services when needed, plus access to multiple network providers and physical security that mitigates any intrusion risk. And we needed more than one of these facilities, because we also needed a home for our disaster recovery operations.”
– Earl Barnes, Vice President of Global Infrastructure, Brinks
CyrusOne (NASDAQ:CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for more than 950 customers, including nine of the Fortune 20 and 180 of the Fortune 1000 or equivalent-sized companies.
CyrusOne’s data center offerings provide the flexibility, reliability, and security that enterprise and cloud customers require, and are delivered through a tailored, customer-service-focused platform designed to foster long-term relationships. CyrusOne’s National IX platform provides robust connectivity options to drive revenue, reduce expenses, and improve service quality for enterprises, content, and telecommunications companies. CyrusOne is committed to full transparency in communication, management, and service delivery throughout its 35 data centers worldwide. Additional information about CyrusOne can be found at www.cyrusone.com.