Financial institutions must move fast to differentiate against competition. At the same time, however, they must comply with heightened regulatory standards and meet internal IT directives to cut costs.
Delphix accelerates the pace at which financial institutions can innovate in the marketplace. With Delphix, financial institutions can release applications faster while improving data security and regulatory compliance.
Delphix for Financial Services
Delphix is enterprise software that runs as a virtual machine on any server, storage, or in a private or public cloud. Delphix virtualizes data in databases, application files, and file systems and makes it readily accessible to end users. Delphix can also profile, mask, and audit sensitive data in a simple and efficient manner.
Accelerate application releases
Application testing using physical data is incredibly inefficient. Developers and testers often wait days or weeks for an environment. Alternatively, they may choose to work with subsets or stale data – effectively creating a tradeoff between speed and quality.
Delphix delivers high-fidelity, virtual data on-demand. Delphix provides end users with powerful data control features, such as the ability to refresh, reset, bookmark, and branch data via self-service, accelerating software testing and improving output quality.
Strengthen enterprise security and remove barriers to cloud
The need to protect sensitive customer information is highly prohibitive when it comes to moving applications to private and public clouds. The reputational risk of a data breach is simply too high, often forcing IT organizations to remain on-premise.
Delphix masks sensitive customer information and other forms of confidential data before it is delivered to end users. Data can be masked before it is replicated to a cloud environment, dramatically lowering the surface area of risk.
- Premchander Gottam - Database Administrator at Franklin Resources, Inc.*
Meet heightened compliance standards and regulations
Dodd-Frank, CCAR, Basel III, and other regulations drive complex, costly IT programs. Missing a compliance SLA or failing a stress test review can have serious implications, such as curtailed dividend plans or postponed share buybacks.
Delphix enables compliance teams to be more agile by giving them the ability to model, report, and test against virtual data. Virtual data can be accessed at any point in time for scenario testing, bookmarked and retrieved to meet audit requests, and rewound to reconcile errors. As a result, banks can dramatically improve their stress testing coverage, bolster their risk models, and extract the maximum efficiency out of their capital.
Modernize outdated, legacy systems faster
Amidst relatively flat top-line revenues, IT organizations at financial institutions are continually focused on modernizing, consolidating, and rationalizing their application portfolios to reduce costs. IT maintenance budgets have skyrocketed in recent years, putting a strain on growth in strategic areas such as mobile banking.
By delivering virtual data to application teams 100x faster, Delphix enables IT organizations to upgrade their core back-office systems faster to support ever-changing business processes. Legacy systems can be efficiently archived in the Delphix Engine, dramatically lowering the costs of compliance.
Minimize resource constraints
Data is any financial institution's most strategic asset. Storing and managing that data is complex, however, due to constant growth and sprawl across systems and silos.
Delphix eliminates redundant data across the application lifecycle and simplifies data delivery. With Delphix, IT organizations can consolidate their storage footprint and make data available to the right team at the right time in an automated manner.
*Source: TechValidate survey of Delphix customers