Site Logo

Transforming Financial Data Archiving at Scale

Financial institutions generate vast amounts of data, from transactions to risk models, requiring secure, scalable, and cost-effective storage. Versity’s high-performance archival solutions ensure compliance, optimize data management, and provide seamless access to critical financial data.

Request a Briefing

Achieving Scalable, Secure, and Cost-Effective Data Management for Finance

The financial industry generates and stores massive amounts of data, from real-time transaction logs and compliance records to historical market data and risk models. Legacy storage systems buckle under exponential data growth and decades-long retention demands, driving up costs and complexity. To stay agile and competitive, banks and financial firms need a modern approach that handles ever-expanding data with speed, efficiency, and reliability. Versity ScoutAM is a software-defined archival platform engineered to meet these challenges head-on. It replaces rigid legacy archives with a scalable, high-performance solution that slashes costs, eliminates proprietary lock-in, and empowers IT teams to future-proof their data infrastructure.

Solving Archival Challenges in Financial Services

Compliance and Regulatory Requirements

Financial organizations must comply with stringent regulations such as SEC Rule 17a-4, GDPR, and PCI DSS, requiring secure, immutable, and auditable data storage.

Explosive
Data Growth

Market data, risk simulations, and transaction records generate petabytes of data annually, demanding scalable storage without escalating costs.

Performance and Accessibility

Fast access to historical and real-time data is critical for risk management, fraud detection, and quantitative modeling. Legacy storage solutions often struggle to keep up.

Rising
Storage Costs

Traditional storage systems become cost-prohibitive as data volume grows. Financial institutions need solutions that optimize cost per terabyte while maintaining accessibility.

Key Benefits

Enterprise-Grade Archival Storage for Financial Data

Versity provides an enterprise-grade, software-defined storage platform designed to meet the demanding data management needs of financial institutions. With the ability to scale from terabytes to exabytes, Versity ensures that financial organizations can store and access massive datasets efficiently, without excessive costs or operational complexity.

Regulatory Compliance with Immutable Storage

Regulatory compliance is a top priority in the financial sector, and Versity’s solutions support WORM (Write Once, Read Many) storage, detailed audit trails, and encryption to meet strict data governance requirements. Whether adhering to SEC Rule 17a-4, GDPR, or PCI DSS, Versity helps organizations store data securely while maintaining full regulatory compliance.

Cost-Effective and Scalable Storage

Cost-effective storage is essential as financial institutions manage growing datasets. Versity optimizes data placement across high-performance flash storage, object storage, and tape-based deep archives, reducing overall storage costs while ensuring seamless access. By leveraging tiered storage strategies, organizations can store frequently accessed data on faster storage while keeping historical records in cost-efficient archival solutions.

Ultimate Disaster Recovery

With robust error handling and recovery mechanisms, ScoutAM ensures data integrity and availability even in the face of hardware failures or other issues. Its high-availability architecture provides continuous operation and minimal downtime, crucial for mission-critical HPC applications.

Comprehensive and Personalized Support

Users do not need any special tools or training to use ScoutAM. Access is automatic and seamlessly integrated into their existing workflows, utilizing standard tools they use every day. The system supports all users within the organization, as well as external users if applicable. It is compatible with all major access protocols and tools, including Globus, S3, NFS, Samba, scp/rsync, and more, ensuring versatile and secure data access for diverse user needs.

High-Performance Access and Seamless Integration

Financial institutions require fast, efficient access to archived data for risk analysis, fraud detection, and regulatory reporting. Versity’s S3 Gateway and POSIX interfaces enable seamless data retrieval, ensuring archived data remains accessible for high-speed analytics. The platform integrates with leading AI-driven trading models and risk management systems, making it a powerful choice for modern financial workflows.

Additionally, Versity supports hybrid and multi-cloud environments, ensuring business continuity, disaster recovery, and long-term data preservation. Whether organizations need on-premises, cloud, or hybrid solutions, Versity provides the flexibility and scalability required to manage financial data securely and efficiently.

Secure, Smart, and Scalable

ScoutAM offers financial institutions fast, secure access to archived data with robust protection against breaches and unauthorized access. Advanced data orchestration enables precise policy-driven workflows, ensuring sensitive records are stored according to strict retention and compliance requirements. Built-in immutability (WORM) policies and optional air-gap protection using offline tape help safeguard critical financial data from tampering or deletion.

Designed for zero downtime and long-term resilience, ScoutAM features a scale-out cluster architecture with no single point of failure. It can tolerate server outages transparently, so the archive services remain online even if hardware fails. Asynchronous replication automatically duplicates all data and metadata to remote sites or cloud environments, ensuring business continuity if a primary data center goes down. Uniquely, ScoutAM stores all metadata needed to recover your files with the data on the storage media itself. In a worst-case scenario, you can fully restore your archived data directly from tape or object storage without any proprietary software, a critical advantage for long-term safeguarding of financial records. Versity ScoutAM keeps your invaluable financial data safe, durable, and always recoverable – no matter what tomorrow brings.

Learn More About ScoutAM

Designed for Growth, Built for Performance

Versity is built with you in mind, delivering exceptional support and earning top satisfaction ratings from our users. Our expert engineering team provides direct, unrestricted access to personalized support, ensuring you get the most out of your data management strategy.

With flexible licensing, Versity enables scalable data management with transparent, predictable pricing that grows with your needs. Our commitment to open-source data formats eliminates vendor lock-in, giving you true data portability and freedom. Designed for cost efficiency, ease of use, and open architecture, ScoutAM empowers financial organizations to navigate and thrive in an ever-evolving data landscape.

Learn more

Seamless Integration with Backup Workflows

Versity’s archival storage works as a direct drop-in solution for backup applications like NetBackup, Commvault, Veam, etc requiring no modifications to existing workflows. By acting as a high-performance target for backup data, Versity helps financial institutions optimize tape utilization, streamline data retention policies, and ensure fast, reliable access to archived data.

By integrating Versity’s intelligent hybrid storage solutions, financial institutions can significantly enhance backup efficiency, reduce storage costs, and improve compliance readiness—all while continuing to use their preferred backup software.

Hybrid Object and Tape Storage for Maximum Efficiency

By leveraging both on-premises object storage and tape, Versity enables automatic tiering of backup data to the most cost-effective storage medium. Small, frequently accessed catalog files are stored on high-speed object storage, while large backup datasets are written to tape for long-term retention. This intelligent data placement reduces retrieval times for regulatory checks while maximizing tape efficiency and reducing costs.

Reducing Tape Drive Utilization While Boosting Performance

A major global bank reduced its tape drive usage by over 50% after implementing Versity, while simultaneously improving backup and restore performance. By directing NetBackup writes to a Versity-managed mount point, the institution optimized tape handling, increased data transfer efficiency, and accelerated file retention checks—all without changing their existing backup software.

Financial Institutions Trust Versity for Secure
and Efficient Data Archiving

Versity partners with global banks, hedge funds, and financial regulators to ensure secure, efficient, and compliant data archiving. Whether you need to optimize historical data retention, reduce infrastructure costs, or enhance analytics performance, Versity provides a scalable and future-proof storage solution.

Ready to Modernize Your Archiving Strategy?

Don’t let legacy storage slow you down. Contact Versity for a personalized demo of ScoutAM and discover how modern archiving can give your IT team the scalability, performance, and control needed to manage financial data with confidence. Let’s start the conversation—your future-ready archive begins here.

Request a Briefing