Cost Effective Big Data Management For Financial Services Provides Faster Analytics
RainStor partners with leading solution providers that embed RainStor’s specialized database with the purpose of managing Big Data for financial services organizations. In order to meet industry compliance regulations, such as SEC, Sarbanes Oxley and Dodd Frank Reform bill, trading data must be retained for specific time-periods and additionally needs to be readily available for numerous query and analytics purposes. As data volumes grow, infrastructure costs continue to increase and RainStor provides a solution to significantly cut the costs to both manage and analyze this data.
RainStor enables customers to keep financial customer and transaction data long-termto satisfy both internal business functions but also for external auditors and regulators who require ongoing access.
Managing and storing financial trade and tick data is difficult to achieve with row-based databases and often organizations resort to flat file farms which have proven lower cost initially from a software perspective but present challenges when you need to perform fast query and analytics and scale over time.
Providers of dedicated solutions for financial services can benefit from an embedded RainStor database by:
- Dedicated storage of large volumes of usage data to meet strict compliance regulations
- Fast deployment and low maintenance of a dedicated RainStor repository for ongoing query and analysis of financial trading data
- Historical data offload from the core trading application database to improve overall performance, reduce costs and maintain long-term access to critical data.
- Auto-purging records once expiry policies are met.
Key Features & benefits include:
Immediate gains:
- Dramatically shrink the storage capacity required to store big data
- Reduce the size of production, improve performance, and lower IT maintenance costs
- For cloud deployments or hosted solutions, provide a multi -tenanted environment that can easily scale.
Long-term gains:
- Eliminate or reduce software license and maintenance costs of legacy applications or traditional databases that prove inadequate
- Retain and provide easy access to inactive data over long periods of time
- Auto-expire down to the record level.
Upside for RainStor Partners Serving Financial Services:
- Create new revenue channel by providing a new solution offering
- Eliminate dependence on a single database technology or flat file farms
- For hosted solutions, reduce infrastructure costs and improve service levels.
