Financials

Technology provides the competitive advantage for the Financial Markets. Financial institutions are continually investing in technology to increase speed of transactions and reduce system downtime. Firms can lose millions of dollars for each minute there is an outage. Firms need a quick way to resolve unpredictable problems in the infrastructure. They need access anytime, anywhere, securely and efficiently.

Many financial institutions have been through mergers and acquisitions giving them network infrastructures that are often quite diverse that include disaster center operations and branch offices that need to easily be managed.

Over the years, financial institutions have looked to take advantage of the global workforce for non-core business functions. The use of outsourcing is growing exponentially; causing IT infrastructure departments to search out better methods to "Contain" vendors and only give them the access to what they require. In addition to this growing demand, financial firms are looking to protect themselves against insider threats. One area of concern is with IT System Administrators. While this group needs broad flexibility and access, firms need to limit access and visibility to only parts of the infrastructure that they are authorized to access. Recent news, reporting of illicit inside IT activity has made many firms take notice.

Financial firms must be able to track easily datacenter activity even in the midst of chaos. They must have an end-to-end view of what’s going on and provide historical data that is easily able to be collected and reported (vs. resorting to many systems and piecing together reports). Many financial firms require audit reporting for compliance purposes (i.e., Sarbanes-Oxley Act).

Xceedium delivers a unique methodology to enable financial firms with fast, secure, and limited access to both IT System Administrators and 3rd party vendors, efficiently managing distributed and heterogeneous infrastructures, while providing end-to-end reporting that satisfies audit and compliance requirements.

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