All Articles
Last edited:
August 19, 2024

Ensuring Data Integrity and Business Continuity for Fidelity Bank with Veritas Cloud Storage on AWS

About Client:

Fidelity Bank is a leading financial institutionwith a strong presence across multiple regions. The bank serves millions ofcustomers and handles vast amounts of sensitive financial data. With acommitment to providing top-tier services, Fidelity Bank continuously seeks toenhance its IT infrastructure to ensure data availability, security, andregulatory compliance.

Challenges:

Fidelity Bank was facing several criticalchallenges with its existing on-premises storage infrastructure:

  • Scalability Issues: The bank’s data volume was rapidly increasing, leading to storage limitations and performance bottlenecks.
  • Inefficient Backup and Recovery: The existing backup and disaster recovery processes were time-consuming and did not meet the bank’s required RTO (Recovery Time Objective) and RPO (Recovery Point Objective), putting business continuity at risk.
  • High Operational Costs: Maintaining the on-premises infrastructure was becoming increasingly expensive, with rising costs related to hardware, maintenance, and energy consumption.
  • Regulatory Compliance: The bank needed to ensure that its data management practices met stringent regulatory requirements, including secure data storage and reliable disaster recovery capabilities.

How Qucoon Helped:

Qucoon, a trusted AWS partner, collaborated withFidelity Bank to design and implement a robust cloud-based storage solutionleveraging Veritas Cloud Storage on AWS. The approach taken included:

  • Deployment of Veritas Cloud Storage: Qucoon implemented Veritas Cloud Storage on AWS as the primary solution for managing the bank’s critical data. This provided a scalable, secure, and reliable storage platform.
  • Integrated Backup and Recovery: Qucoon integrated Veritas NetBackup with AWS services, automating the bank’s backup processes and leveraging Amazon S3 for efficient, cost-effective data storage.
  • Disaster Recovery Enhancement: Qucoon configured Veritas Resiliency Platform to enable automated disaster recovery across multiple AWS regions, ensuring quick and reliable data recovery in case of any disruptions.
  • Cost Optimization: Qucoon assisted Fidelity Bank in migrating to a tiered storage approach, utilizing Amazon Glacier for long-term data archiving, thereby reducing storage costs significantly.
  • Compliance and Security: Qucoon ensured that the solution met all necessary regulatory requirements, incorporating encryption and compliance     reporting features to maintain data integrity and security.

Outcome:

The implementation of Veritas Cloud Storage on AWS,guided by Qucoon, resulted in significant improvements for Fidelity Bank:

  • Enhanced Data Availability: The bank achieved 99.999% data availability, ensuring continuous access to critical financial data across multiple AWS regions.
  • Improved RTO and RPO: Fidelity Bank reduced its RTO and RPO by 60%, enabling rapid recovery and minimizing data loss during incidents.
  • Cost Reduction: The new solution led to a 35% reduction in storage-related costs, driven by data deduplication, compression, and the use of cost-effective tiered storage options.
  • Regulatory Compliance: The bank successfully maintained compliance with industry regulations, benefiting from automated encryption, secure storage, and comprehensive compliance reporting.
  • Operational Efficiency: The automated backup, recovery, and disaster recovery processes significantly improved the bank's operational efficiency, allowing IT teams to focus on more strategic initiatives.

 

About Client

About Client:

Fidelity Bank is a leading financial institutionwith a strong presence across multiple regions. The bank serves millions ofcustomers and handles vast amounts of sensitive financial data. With acommitment to providing top-tier services, Fidelity Bank continuously seeks toenhance its IT infrastructure to ensure data availability, security, andregulatory compliance.

Challenges:

Fidelity Bank was facing several criticalchallenges with its existing on-premises storage infrastructure:

  • Scalability Issues: The bank’s data volume was rapidly increasing, leading to storage limitations and performance bottlenecks.
  • Inefficient Backup and Recovery: The existing backup and disaster recovery processes were time-consuming and did not meet the bank’s required RTO (Recovery Time Objective) and RPO (Recovery Point Objective), putting business continuity at risk.
  • High Operational Costs: Maintaining the on-premises infrastructure was becoming increasingly expensive, with rising costs related to hardware, maintenance, and energy consumption.
  • Regulatory Compliance: The bank needed to ensure that its data management practices met stringent regulatory requirements, including secure data storage and reliable disaster recovery capabilities.

How Qucoon Helped:

Qucoon, a trusted AWS partner, collaborated withFidelity Bank to design and implement a robust cloud-based storage solutionleveraging Veritas Cloud Storage on AWS. The approach taken included:

  • Deployment of Veritas Cloud Storage: Qucoon implemented Veritas Cloud Storage on AWS as the primary solution for managing the bank’s critical data. This provided a scalable, secure, and reliable storage platform.
  • Integrated Backup and Recovery: Qucoon integrated Veritas NetBackup with AWS services, automating the bank’s backup processes and leveraging Amazon S3 for efficient, cost-effective data storage.
  • Disaster Recovery Enhancement: Qucoon configured Veritas Resiliency Platform to enable automated disaster recovery across multiple AWS regions, ensuring quick and reliable data recovery in case of any disruptions.
  • Cost Optimization: Qucoon assisted Fidelity Bank in migrating to a tiered storage approach, utilizing Amazon Glacier for long-term data archiving, thereby reducing storage costs significantly.
  • Compliance and Security: Qucoon ensured that the solution met all necessary regulatory requirements, incorporating encryption and compliance     reporting features to maintain data integrity and security.

Outcome:

The implementation of Veritas Cloud Storage on AWS,guided by Qucoon, resulted in significant improvements for Fidelity Bank:

  • Enhanced Data Availability: The bank achieved 99.999% data availability, ensuring continuous access to critical financial data across multiple AWS regions.
  • Improved RTO and RPO: Fidelity Bank reduced its RTO and RPO by 60%, enabling rapid recovery and minimizing data loss during incidents.
  • Cost Reduction: The new solution led to a 35% reduction in storage-related costs, driven by data deduplication, compression, and the use of cost-effective tiered storage options.
  • Regulatory Compliance: The bank successfully maintained compliance with industry regulations, benefiting from automated encryption, secure storage, and comprehensive compliance reporting.
  • Operational Efficiency: The automated backup, recovery, and disaster recovery processes significantly improved the bank's operational efficiency, allowing IT teams to focus on more strategic initiatives.

 

Business Background

About Client:

Fidelity Bank is a leading financial institutionwith a strong presence across multiple regions. The bank serves millions ofcustomers and handles vast amounts of sensitive financial data. With acommitment to providing top-tier services, Fidelity Bank continuously seeks toenhance its IT infrastructure to ensure data availability, security, andregulatory compliance.

Challenges:

Fidelity Bank was facing several criticalchallenges with its existing on-premises storage infrastructure:

  • Scalability Issues: The bank’s data volume was rapidly increasing, leading to storage limitations and performance bottlenecks.
  • Inefficient Backup and Recovery: The existing backup and disaster recovery processes were time-consuming and did not meet the bank’s required RTO (Recovery Time Objective) and RPO (Recovery Point Objective), putting business continuity at risk.
  • High Operational Costs: Maintaining the on-premises infrastructure was becoming increasingly expensive, with rising costs related to hardware, maintenance, and energy consumption.
  • Regulatory Compliance: The bank needed to ensure that its data management practices met stringent regulatory requirements, including secure data storage and reliable disaster recovery capabilities.

How Qucoon Helped:

Qucoon, a trusted AWS partner, collaborated withFidelity Bank to design and implement a robust cloud-based storage solutionleveraging Veritas Cloud Storage on AWS. The approach taken included:

  • Deployment of Veritas Cloud Storage: Qucoon implemented Veritas Cloud Storage on AWS as the primary solution for managing the bank’s critical data. This provided a scalable, secure, and reliable storage platform.
  • Integrated Backup and Recovery: Qucoon integrated Veritas NetBackup with AWS services, automating the bank’s backup processes and leveraging Amazon S3 for efficient, cost-effective data storage.
  • Disaster Recovery Enhancement: Qucoon configured Veritas Resiliency Platform to enable automated disaster recovery across multiple AWS regions, ensuring quick and reliable data recovery in case of any disruptions.
  • Cost Optimization: Qucoon assisted Fidelity Bank in migrating to a tiered storage approach, utilizing Amazon Glacier for long-term data archiving, thereby reducing storage costs significantly.
  • Compliance and Security: Qucoon ensured that the solution met all necessary regulatory requirements, incorporating encryption and compliance     reporting features to maintain data integrity and security.

Outcome:

The implementation of Veritas Cloud Storage on AWS,guided by Qucoon, resulted in significant improvements for Fidelity Bank:

  • Enhanced Data Availability: The bank achieved 99.999% data availability, ensuring continuous access to critical financial data across multiple AWS regions.
  • Improved RTO and RPO: Fidelity Bank reduced its RTO and RPO by 60%, enabling rapid recovery and minimizing data loss during incidents.
  • Cost Reduction: The new solution led to a 35% reduction in storage-related costs, driven by data deduplication, compression, and the use of cost-effective tiered storage options.
  • Regulatory Compliance: The bank successfully maintained compliance with industry regulations, benefiting from automated encryption, secure storage, and comprehensive compliance reporting.
  • Operational Efficiency: The automated backup, recovery, and disaster recovery processes significantly improved the bank's operational efficiency, allowing IT teams to focus on more strategic initiatives.

 

Challenges
What is Cloud Migration?
Cloud Deployment Models
3-Step Cloud Migration Process
How Qucoon helped