Vaultastic for Banking, Financial Services & Insurance

Why is protecting email data a priority for a financial services company

Manage Sensitive data: Financial services companies, including NBFCs (Non-Banking financial company) manage money of their customers and work with very sensitive customer data including personally identifiable information (PII) and financial data.

With rapid digitization of the banking and financial industries, a huge amount of transactional data is being generated in the digital format.

60% business critical information is in email: Most of the financial services companies rely on email to carry out such transactions and as the primary method of communication and document transport to and from regulatory authorities, customers and other financial services partners.

Reduce penalties and risks: Protecting their email data, complying with industry regulations and reducing penalties and litigation risks associated with data violations is a top priority for financial service companies.

Challenges with protecting sensitive email data

Cyberattacks: The sensitive nature of this data makes them vulnerable to data theft, cyber-attacks and security violations from within the organisation and from outside.

Using traditional methods: Storing these emails on-premise, on backup tapes and devices can lead to loss of critical information and an inability to retrieve these quickly on demand.

Providing data security and safety: Due to all this, banks and financial services companies are highly regulated and must ensure the preservation of data over extended periods of time with strong data protection systems to stay compliant always. Penalties for non-compliance can be severe and costly.

As part of their compliance audits, banks and financial services companies are required to prove that their data is being preserved in safe systems with built in redundancies, for extended periods of time and can be accessed on demand.

The Solution

Email archiving is a critical piece in the overall solution by helping the company preserve data in tamper proof vaults for extended periods of time and ensuring that all this data is online, search ready and discoverable on demand.

Security at multiple layers helps thwart ongoing cyber-attacks and tamper evident controls, help your organisation prove immutability of the data.

The Vaultastic Edge

At Mithi, we are helping financial companies just like yours, maintain reliable, secure and always available email archives. Our email archiving and ediscovery platform, Vaultastic, is an elastic cloud-native email data management solution making email data secure, accessible & useful while lowering business risks, reducing the operational and capital expenses and ensuring compliance readiness.

Specifically, to address the challenges of banks and financial services organisations, the following capabilities can help:

Comply with Data Residency regulations

A choice of region for storing your data, ensuring that you can comply with the data residency regulations of your industry.

Protect against cyber-attacks with Multi-layered Security

A tight multi-layered security protects against cyber-attacks and ensures that your sensitive data stored on our platform is encrypted, immutable and tamper resistant.

Data Privacy guaranteed

Designed to ensure customer data privacy in the multitenant SaaS setup. For highly sensitive customers, Vaultastic can also be offered as a dedicated private setup on the cloud.

Guaranteed service for peace of mind

A fully managed SaaS, which implies Zero hardware, management and maintenance at your end and an SLA guaranteeing uptime, data durability and functionality, deliver rock solid reliability.

Timely compliance response with long term online retention

An elastic archive, which keeps all email of any period safe, online and search ready in durable, replicated tamper evident vaults, to help respond to compliance requests quickly.

Advanced Ediscovery & Extraction for an accurate compliance response

A RBAC based self service to perform deep ediscovery searches with Boolean combinational queries of keywords, mail attributes and extract results in popular formats for an accurate response to compliance requests.

Customer Success Stories

Effortless Functionality

The experience with this software has been great. It has all the key features that we were looking for. We are using this to archive emails of the top management for ease of maintenance and retrieval.
Mr. Jatinder Singh
Manager I.T.,
Acuity Professional

Intuitive User Interface

It's easy to look for emails inside the archive and we are very happy with the functionality, which the application provides. All emails are synced seamlessly with the archival system, keeping a safe copy of every email.
Mr. Anjan Kar
General Manager I.T.,
Cashpor Micro Credit

Zero maintenance

Vaultastic provides an easy to use self-service portal for our users helping us to respond quickly & accurately to compliance requests. It is a true SaaS with No infrastructure, No manpower, & No maintenance required.
Mr. Ulhas Dhamale
Sr. IT Manager,
GS Mahanagar Co-op Bank
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