Financial Services - Fibre Optic Network Solutions
Finance – money matters
Financial services regulation is evolving at a pace. Banks require sufficient control of critical infrastructure to be able to respond to this, and be ‘first to market’ with ‘stakeholder’ reassurances, ensuring that rating values are maintained.
Coupled with the fundamental security requirements associated with managing customer funds, this means that financial institutions need to think long and hard about how to approach the provision of critical infrastructure to support these difficult issues. They need a network that gives them the ability to manage challenges in a manner that the traditional telco market cannot do.
Many have implemented a dedicated fibre-based solution to help them deal with some of these regulatory and competitive issues. Doing so takes the idea of the ‘private network’ to an extreme, already familiar territory for most financial institutions.
Diversity of networks is a key way for financial institutions to ensure maximum network resilience. Ownership of a dedicated network solution is the best way for institutions to guarantee the required uptime, which is why many are looking to fibre to provide greater diversity in the routes taken by data traffic and ensure no loss of connectivity in the event of disaster.
With volumes of business critical data growing at 15 per cent per annum, finance companies also want to be sure that their network is proofed to cope with future demand.
With a dedicated fibre infrastructure at the core of the network, the fibre itself will guarantee all the bandwidth needed for years to come, making upgrading the electronics at either end of the connection the only matter to be resolved.
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