CYA Technologies, an enChoice® company, gave word today that major financial institutions including Banco de España, Caja Madrid, PricewaterhouseCoopers, and Visa International are adopting CYA SmartRecovery(TM). The lineup of large international corporations that are utilizing this infrastructure enhancement is increasing steadily. As compliance standards are increasing and business requirements demand information available around the clock, the need for this type of system is growing.
The regulation of the financial services industry has a history of being highly regulated, and this is never truer than it is now. The speed and complexity of transactions being made is incredible and continues to increase. In order to compete, companies require a technology platform that allows the utmost in client service while maintaining the necessary preservation and retention of records that is mandated by the various governing bodies of the financial services industry. With the current global crisis and the finger-pointing that has accompanied its arrival, the regulations are only likely to increase. Vigorous enterprise content management (ECM) systems are essential to a global supplier of financial services in today’s economy. Penalties for non-compliance are also substantial, and this makes it necessary for companies to use a system that is not only fast but robust and safe. In the less severe cases a company will have to endure fines, and this goes hand in hand with a loss of shareholder value. In the more severe cases criminal sentences can be handed down to the executives of a company.
As many corporations now operate in multiple time zones, it is even more important that they have systems that can run constantly. Whether the information stored is for client applications, tax filings or storage of contracts, the availability of the system to staff at any time of the day is crucial. Accurate and complete storage of this information is essential not only for the business continuity but for compliance, and it must be adequately protected against all forms of loss and corruption.
What CYA SmartRecovery ECM system users can rely on is the security and speed of access that they need by having synchronized backups that maintain the links between content and its associated metadata (audit trails, digital signatures, workflows, etc.). Without the need to take applications offline, the data can be restored quickly and without missing components. This is in addition to previous backup solutions.
“There are many popular solutions in use today such as CDP that enable companies to perform hot backups of ECM system information. What many people don’t realize, however, is that they’re not suitable for addressing logical failures because they don’t back up content and metadata in a synchronized fashion, which results in corruptions,” said Wayne Crandall, president of CYA Technologies. “Using CYA SmartRecovery in conjunction with these other backup solutions is the only surefire way to ensure complete protection against all forms of ECM information loss while maximizing application uptime.”
CYA Technologies continues to bring us into the next century of stable, fast and reliable enterprise content management with innovative, real-time backup solutions.