Financial Services And Banking

PocketData for Financial Services And Banking

Financial services organizations are required by law to handle sensitive data using the highest security standards. In the U.S., organizations such as the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Federal Financial Institutions Examination Council (FFIEC) implement statutory standards and regulate the manner in which financial data must be governed. Many other nations and unions have similar governing bodies, such as the EU’s ESC and CESR, and Canada’s IIROC. Data breaches are extremely costly and can lead to legal action or, worse, loss of customer trust.

In response to demands for fast, low-friction data sharing, employees in many financial organizations have turned to consumer-grade file sync and share services. Although these services are easy to set up and use, their lack of security, governance and control represent real and significant security risks. Thus, in an effort to “get the job done”, employees may unintentionally violate regulatory laws and data governance policies.Financial services organisations including investment banks and private equity, venture capital and insurance firms depend on highly secure systems for exchanging business-critical information with clients, partners and other external parties. Our secure file sharing and collaboration platform helps firms to improve team collaboration and deal efficiency, reduce operating costs, meet regulatory requirements and build deeper client relationships.

PocketData : speed, usability and control

PocketData is the perfect solution for financial services and banking organizations to use for internal and external file sharing. It combines the speed and ease-of-use found in consumer-grade file sharing applications with the security, governance and control of an on-premise solution. Unlike cloud-based services, which store sensitive data on public cloud servers outside of IT’s control, PocketData is deployed on premise and on private cloud infrastructures. PocketData integrates seamlessly with every part of the IT fabric – from user directories to security systems to monitoring and back-up services – ensuring that sensitive data remains under control at all times. Yet it also provides the ease-of-use and mobility users have come to expect from consumer-based services.A few examples of how PocketData can be used in financial services applications include: