IB Banking and Financial Services
Banking and Financial Services
Retire legacy systems. Keep compliant access to all financial data
Archive financial data and retire costly legacy systems to reduce infrastructure spend, lower cybersecurity exposure, and meet strict regulatory requirements while ensuring instant, audit-ready access to historical records.
The Challenge
Legacy systems storing critical financial data long-term
- Core systems retained only for historical access
- Regulatory retention across multiple jurisdictions
- Fragmented data slowing audits and reporting
- Rising security risks in outdated environments
Solutions
Archive financial data and retire legacy applications
- Extract and archive data with full relationships preserved
- Retire core banking and trading systems safely
- Enable natural language search across archived records
- Support on-premises, cloud, and hybrid deployments
Use Cases
Retiring systems while maintaining financial data access
- Decommission legacy core banking platforms
- Preserve trade and transaction records for audits
- Consolidate data after mergers and acquisitions
- Support fraud and risk analysis with historical data
Benefits
Lower cost, faster access, stronger compliance outcomes
- Reduce infrastructure and licensing costs up to 75%
- Accelerate audit response from days to minutes
- Shrink cybersecurity attack surface
- Enable modernization without losing historical visibility
Compliance & Risk Mitigation
Strengthen financial compliance while reducing regulatory and cyber risk
- Enforce retention aligned with SOX, SEC 17a-4, FINRA, GLBA, GDPR, and DPDP
- Maintain complete chain of custody with immutable audit trails
- Support WORM storage and audit-ready regulatory reporting
- Reduce ransomware exposure through secure, isolated archives