Finance and Insurance businesses need to copy file data faster.

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Financial Services and Insurance

The stock exchange processes significant volumes of data and FilePilot Software Copy™ is able to process large volumes of data to beat your cutover time window.

Controlling Data to Reduce Risk and Exposure

Financial and insurance institutions rely on computers for all aspects of their business activities. Every stock or monetary trade, customer interaction, banking transaction, prospectus developed and claim processed generates data that requires storage. The volume of daily transactions between financial institutions, between insurance companies and between all their customers is the main driver of unstructured data growth.

In addition, with increased government oversight, including the requirements of SOX and GBLA, companies find themselves now being required to retain data longer than ever before.

For example, to reduce liability and potential lawsuits, mutual fund institutions, stock brokerages, and insurers record conversations between their agents and clients. Each recording is stored and must be available for confirmation and retained for compliance with SEC regulations and company policies. Multiply 1,500 calls a day, for a large financial or insurance organization, by an average of 1.5 MB per recording. This provides an idea of the immense storage requirements (approximately 2.5 GB per day) for this single business requirement alone.

Financial Services / Insurance Data Migration Challenge	FilePilot Solution
Virtualized servers	Utilize FilePilot Copy™ to move file system data from a currently running physical server in production to a virtual server image running a new OS. After final cutover, rename physical server and pass the original name onto the new server.
SOX, GBLA and FISMA compliance	FilePilot Copy™ preserves file names, locations, owners, date and time in log file(s) along with the date and times that the files were moved and by whom.
Server/Filer upgrade	Moving data between EMC and NetApp or Windows Servers is simple to accomplish. FilePilot Copy™ can be installed on an intermediate system to accurately move your critical data to the new systems faster.
File archiving	FilePilot Copy™ can be configured to do a daily sweep of new or updated files or files of a specific type, and copy them to an archival system, keeping the critical business systems from running out of capacity and therefore keeping your business nimble.

Copy Files Faster!