Most financial services organizations around the world must now comply with legislation mandating the preservation of financial records.
Solution for legally compliant data archiving
Most financial services organizations around the world must now comply with legislation mandating the preservation of financial records. Regulators require the long-term preservation of records and communications. In recent years the length of time available to organizations to find records following a discovery order has been significantly reduced. Typically, data must be stored for 10 years, and the data itself becomes an expensive liability when retained. Organizations are generally encouraged to adopt data retention policies that specify individual requirements for deleting data, and all such policies have to be designed with regulatory compliance in mind.
Most organizations employ an eDiscovery application that tracks key words and metadata associated with each file. If a court order or regulatory request is made for information expected or believed to be retained by an organization, it must take immediate steps to fulfill the order. An eDiscovery application allows an organization to sift through its entire archive for files relating to the search. Our storage solutions can be paired with these eDiscovery solutions. We also offer Retention Management, Digital Signature and Encryption options to provide the combination of data security and data purging that financial services organizations require.
Efficient, effective and cost-effective solutions
We offer solutions to meet a wide range of requirements, not only relating to compliance and security, but also to reduce purchase and operating costs compared with traditional NAS/SAN solutions, which we know are expensive to run and maintain, not to mention the costly fork-lift upgrades. The coming years will see us swamped by quantities of data that will tax current storage systems to the limit. Not surprisingly, data growth is the IT manager’s main cause for concern, closely followed by backup and recovery. At QStar Technologies we believe that curbing data growth, limiting storage requirements and drastically reducing maintenance costs and resources requires a radically new approach, innovative methods, and effective, but at the same time easy-to-implement software tools, plus a truly global vision in order to help businesses in tackling this challenge.
Related Solutions
The QStar Kaleidos is an S3-compliant object storage platform that enables enterprises and service providers to build reliable, private, hybrid or public cloud storage environments that deliver reliability, security and unlimited scalability.
Kaleidos offers enterprise-class customers a tremendous reduction in TCO compared with traditional NAS/SAN storage, unlimited scalability, superior data protection and flexibility, while achieving improved customer retention through enhanced service delivery (SLA), reduced acquisition costs, and enhanced agility through global accessibility across all end user devices.
Kaleidos Object Storage is made with standard high-performance capacity servers. QStar Object Storage Manager (OSM) software runs on all server nodes and forms a cluster to provide a single pool of storage resources across all nodes.
QStar LTFS as NAS architecture virtualizes a Tape Library, effectively converting it into network-attached storage – NAS for sharing with multiple users and applications. The solution supports common networking protocols (SMB and NFS) plus S3 compatible API commands and is integrated on either a Windows or Linux server. Files that are stored in a LTFS as NAS environment are retrieved in the same manner as the native operating system, even though the data is actually stored in a Tape Library. Not only do users not realize that the volume (file system) they are accessing was created on tape and not on disk, but, through a sophisticated cache architecture, the read/write data activity is managed so effectively, that performance is comparable to a NAS device. Transparency is such that the architecture is also supported by virtual machine (VM) environments, even though the VM environment is not designed to support tape drives; existing applications installed in a VM can access the Tape as NAS architecture just like a standard NAS disk. Data can be accessed transparently over the network.