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Solutions
For personal storage solutions visit these Western Digital brands
BUCKLE UP
Counterpoint Research estimated the storage capacity requirement for autonomous vehicles to balloon over 2TB in the next decade
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Innovations
ZONED STORAGE
Addresses data center scale with increased capacity, better QoS with lower TCO
Data and Financial Services: Investing in Customer Success
HOW DATA PREDICTS
Financial Services Bank on Data to Deliver Success
Financial services organizations are pushing the envelope when it comes to investing in IT technologies. From enabling customers to perform banking activities and accelerate transaction processing from their mobile devices at the edge to tapping into the power of artificial intelligence (AI) and data lakes for robo-investing and hedge-fund management, financial services are at the cutting-edge of today’s digital transformation. They thrive on information, investing in predictive analytics and machine learning (ML) to extract meaningful insights, while also ensuring customer information is protected from cybercrimes, as well as complying with ever-evolving regulatory frameworks. Driven by fast data applications at the edge and big data applications in the core, financial institutions are transforming data into a competitive differentiator.
~$150B by 2022
The global BFSI market size is expected to grow from $82.06B in 2017 to $149.74B by 2022 at a 12.8% CAGR1
90% of Top 50 Banks
More than 90% of the top 50 banks around the world are using advanced analytics2
25% by 2020
25% of top-tier banks globally will have started working toward a ”connected core” by 20203
Financial services organizations face unique challenges when it comes to protecting their data. Between massive data growth, budget limitations and changing regulatory demands, they need scalable, cost-effective, end-to-end solutions that make it easy to store, protect and access data, as well as analyze it immediately for financial gain or in the future to unmask potential opportunities.
SOURCE: STEFAAN VERVAET, SR. DIRECTOR STRATEGIC ALLIANCES & MARKET DEVELOPMENT, WESTERN DIGITAL
HOW TO PLAN WITH DATA
Planning with Data: A Solution for Financial Success
Banks and financial services firms thrive on information. Unfortunately, extracting meaningful insight from database systems is often hindered by the time it takes data to traverse to and from the underlying storage. And, more unstructured data from multiple sources puts even greater pressure on the existing storage infrastructure. Hence, the need for a flexible storage system that can securely scale data resources, easily comply with evolving regulations, and process transactions in near real time.
MANAGING DATA FOR HIGHLY REGULATED MARKETS
Western Digital Offers a Proven Portfolio of Devices, Systems, and Platforms Designed for the Data-Intense and Highly-Regulated Financial Services & Banking Markets
Accelerate Trading
ACCELERATE TRADING
Speed Wins: Accelerating Transactions and Trading
In financial services and banking, speed wins. Whether it is processing payments between banks and authorized networks, such as Zelle, or managing data-intensive electronic billing, customers and partners choose to do business with banks that are fast, reliable, and secure. Accelerating transactions and trading means increased profits for financial institutions. High-performance storage coupled with integrated data protection and disaster prevention ensure that risk management and compliance SLAs are met, while flash storage platforms integrate speed, computing, big data management, business intelligence, and agility across the entire trading value chain.
DRIVING INNOVATION IN FINANCIAL SERVICES
With Ultrastar Hybrid Storage Servers, you can accelerate trading, improve underwriting, and transform retail banking to deliver responsive, efficient, and round-the-clock insights for financial services.
Banking Finance Solutions — Accelerate Trading
For more information on how to accelerate your trading transactions, please send a message using the link below.
Enhanced Insurance Services
ENHANCED INSURANCE SERVICES
Delivering Personalized Assistance with Enhanced Insurance Services
Leading insurance carriers are addressing the need for greater holistic customer insights, optimized processes, and enhanced client reach through direct and indirect channels. To deliver a personalized service and reach customers in the way they choose, they need the right infrastructure. This infrastructure should unify data, applications, analytics, and human expertise along with a streamlined agent/broker network process that delivers personalized sales, underwriting, and claims service, while simplifying operations and safeguarding privacy and security.
80%
of insurance customers
are interested in, or open to, ecosystem services6
DRIVING INNOVATION IN FINANCIAL SERVICES
With Ultrastar Hybrid Storage Servers, you can reduce latency to accelerate trading, improve underwriting, and transform retail banking to deliver responsive, efficient, and round-the-clock insights for financial services.
2CRSI Builds Custom IT Solutions with Western Digital Storage Platforms and Drives
Learn how enterprise-class Ultrastar NVMe and SAS SSDs helped 2CRSI improve performance and overcome other challenges in their data center.
Blockchain
BLOCKCHAIN
Blockchain Streamlines Financial Institutions
People want to make sure that their money is safe and have the confidence their bank is protecting their investments and identity.
Blockchain is being developed and deployed to create more responsive and secure interactions and reduce infrastructure expenses. Blockchain is an important component of Financial Technologies (FinTech) and helps to create a secure and powerful form of data sharing and financial transfer. This technology disintermediates third parties and expensive settlement processes, turning a transaction that used to take weeks into one that takes a few minutes.
8-12
Billion
Dollars/Year
Blockchain technology has the potential to reduce infrastructure costs 30% annually7
50%
Cost Savings
Potential cost savings on business operations8
A TRUSTED PARTNER FOR BANKING AND FINANCE
Blockchain and other components of FinTech are growing at an exponential pace. Financial institutions need faster access to current and historical data in order to analyze trends and make instant, critical decisions. Ultrastar SAS and NVMe SSDs provide fast access to the relevant data needed to make critical split-second decisions.
Financial Services Solutions — Blockchain
For more information regarding Blockchain, please send a message using the link below.
Data Lakes & Analytics
DATA LAKE, ANALYTICS, AND DATA MANAGEMENT
Investing for Disruptive Innovation
As the pace of change accelerates, financial services organizations must continuously rethink their technology and operating models to ensure they are taking full advantage of new innovations. The ability to efficiently access, manipulate, and gain insights from vast amounts of diverse data is critical.
New technologies and disruptive innovations, such as AI and predictive analytics, can create new opportunities and deliver a competitive advantage. Efficient and flexible storage solutions are essential in enabling these new innovations and staying ahead of the pack in the hyper-competitive financial services industry.
$4.7T
Estimated worth of global FinTech market
According to Deloitte9
UNLOCK THE POWER OF DATA
Financial firms are redefining quantitative models by leveraging massive amounts of historical and real-time data by using artificial intelligence and predictive analytics.
Ultrastar changes the economics of storage for data lakes by delivering all the benefits of the cloud in a high-performance on-premises or hybrid solution.
Banking finance solutions — Data lakes, analytics and data management
For cutting-edge investment funds, success increasingly depends on data science. For more information, send a message with the link below.
Data Protection & Management
DATA PROTECTION & MANAGEMENT
Financial Services: Get Control of Appliance and Data Sprawl
The financial services industry is in the midst of a significant digital transformation where reducing cost is a key focus area. Unfortunately, many organizations find themselves locked into a legacy data protection and management architecture with purpose-built backup and deduplication appliances.
This expensive appliance sprawl has created a management nightmare of inefficient silos of data, expensive hardware refresh cycles, and increased risk of data loss.
TRANSFORMING THE DATA CENTER WITH UNIFIED CLOUD-SCALE DATA PROTECTION AND MANAGEMENT
By combining the unique strengths of Western Digital technologies, IT can get the benefits of cloud in their both their own datacenter, to finally get off of tape, and on their PC.
Western Digital enables a highly scalable and durable private or hybrid cloud for data protection and long-term retention at a cost and scale that rivals tape.
Banking finance solutions — Data Protection and Management
For more information on how to manage and protect your data, please send a message using the link below.
FINANCIAL FIRMS AGREE
With users now able to do most anything online from paying bills to buying stocks and using multiple devices, the need for secure and efficient network storage is more essential than ever for financial institutions. Excluding IT itself, the banking and financial services industry spends more on IT than any other industry and a large chunk of this spending is dedicated to data storage and analysis in order to maintain high security standards, and the speed that consumers demand.
Source: Meeting the Demanding Data Storage Needs of the Financial Services Industry, Nfina, 2018
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Read MoreForward Looking Statements
This webpage may contain forward-looking statements, including, but not limited to, statements regarding our product and technology portfolio, the capacities, capabilities and applications of, and market for, our products, our strategies and growth opportunities, and market trends. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. The risks and uncertainties are discussed more fully in Western Digital Corporation's filings with the Securities and Exchange Commission, including our most recently filed periodic report, to which your attention is directed. Readers are cautioned not to place undue reliance on these forward-looking statements and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances, except as required by law.
Disclosures
1. Source: IT BFSI Market worth 149.74 Billion USD by 2022, Markets and Markets 2. Source: Analytics in banking: Time to realize the value by Amit Garg, Davide Grande, Gloria Macías-Lizaso Miranda, Christoph Sporleder, and Eckart Windhagen (McKinsey, April 2017) 3. Source: Why IDC Financial Insights for Connected Banking, IDC 4. Source: PwC: 82% of banks, insurers, investment managers plan to increase FinTech partnerships; 88% concerned they’ll lose revenue to innovators, Press Release by PwC, 4/21/17 5. Source: More and more people use mobile banking by Bruce Kennedy (CBS News quoted US Federal Reserve report, 3/30/15) 6. Source: Ecosystems: How Insurers Can Reinvent Customer Relationships by Henrik Naujoks, Florian Mueller, Darci Darnell and Harshveer Singh (Bain & Company, 9/14/17) 7. Source: Blockchain Tech ‘Could Save’ Banks £9.7bn Billion A Year by Sam Pudwell (Silicon, 1/17/17) 8. Source: Banking on Blockchain, Accenture, 2017 9. Source: The Fintech Disruption by Jack Croft (Lehigh University College of Business, Fall 2017)
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