Financial services companies, including NBFCs (Non-Banking financial company) manage money of their customers and work with very sensitive customer data including personally identifiable information (PII) and financial data.With rapid digitization of the banking and financial industries, a huge amount of transactional data is being generated in the digital format.
Due to all this, banks and financial services companies are highly regulated and must ensure the preservation of data over extended periods of time with strong data protection systems to stay compliant always. Penalties for non-compliance can be severe and costly.As part of their compliance audits, banks and financial services companies are required to prove that their data is being preserved in safe systems with built in redundancies, for extended periods of time and can be accessed on demand.
Email archiving is a critical piece in the overall solution by helping the company preserve data in tamper proof vaults for extended periods of time and ensuring that all this data is online, search ready and discoverable on demand.
Security at multiple layers helps thwart ongoing cyber-attacks and tamper evident controls, help your organisation prove immutability of the data.