Maximizing Efficiency and Security with Modern Network Solutions in Financial Institutions
Published: April 27, 2023
In today's fast-paced digital economy, financial institutions need to prioritize modernization to remain competitive and meet the evolving needs of their customers. A modern network can lead to improved business outcomes, including enhanced efficiency, greater agility, and increased security.
Why a Modern Network Is Important
Modernizing a financial institution's network is critical because it can provide significant benefits that can improve business outcomes. For example, modernizing can increase operational efficiency, allowing teams to focus on more strategic work. It can also improve customer satisfaction by delivering a seamless and reliable experience. In addition, modernization can lead to better collaboration across teams, enabling faster decision-making and problem-solving.Understanding Challenges with a Modern Network
When it comes to modernizing a financial institution's network, there are several challenges that must be addressed. One of the most significant challenges is network reliability and security. Financial institutions need to ensure that their networks are secure, reliable, and able to handle sensitive customer data. They also need to comply with regulations that govern the handling of this data. Another challenge in this industry is ensuring uptime for critical services. Financial institutions rely on their networks to provide uninterrupted access to services, such as online banking and trading platforms 24/7. Any downtime can result in significant financial losses and reputational damage.Business Outcomes and What Technology Can Get You There
The right technology can help financial institutions overcome these challenges and improve their overall operations. Building a modern network is the first step to providing the ultimate digital experience to end users and hybrid employees.Hardware
Extreme Universal Platforms offer unparalleled flexibility, scalability, and security for financial institutions looking to modernize their networks. With a unified operating system and management platform, financial institutions can deploy and manage their network infrastructure more efficiently, reducing costs and improving agility. The platforms also offer built-in security features, including micro-segmentation and automated threat response, to ensure sensitive data remains secure. Learn why Extreme Universal Hardware is a no-brainer!SD-WAN
ExtremeCloud SD-WAN is designed to deliver a reliable and secure network that can handle even the most demanding workloads. It provides real-time visibility and control, enabling teams to quickly identify and resolve issues before they impact the customer experience. Learn how Banca Popolare di Sondri was able to use ExtremeCloud SD-WAN to gain visibility into their network and improve network performance.Fabric Technology
Extreme Fabric Connect provides a single network architecture that can seamlessly connect any device, application, or user, regardless of their location. With Fabric, financial institutions can improve collaboration across teams, enabling faster decision-making and problem-solving.Cloud Management Systems
ExtremeCloud IQ management solution provides a centralized platform for managing and monitoring a network. It allows teams to quickly identify and resolve issues, enabling them to focus on more strategic work.The Time to Build a Modern Network is Now!
By addressing the challenges of network reliability and security, compliance, and uptime for critical services, financial institutions can deliver a seamless and reliable experience to their customers. With the right technology, financial institutions can modernize their network and achieve improved business outcomes.