Banking

Banking solutions can help you:

Accelerate digital transformation

Enhance financial services compliance and gain efficiencies

Ensure protection of information

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Business as usual is no longer an option

In such a highly regulated, ultra-competitive and rapidly changing industry, it is imperative that you partner with someone who can meet the changing requirements of banks.

The banking industry is continuously evolving due to challenges stemming from regulation, legacy systems, disruptive models and technology, increased competition and a drive for improving the customer experience. As a result, the way your bank identifies, accesses, monitors and protects different types of information has to evolve as well. It is essential that you adapt your bank records retention and internal audit requests, while also ensuring the security of your customer’s information.

 

Enabling Innovation and Digital Transformation

Whether you are a mortgage lender, retail or commercial bank, Iron Mountain makes it easy to manage your information throughout its lifecycle.

Banks of all sizes must maintain records – both physical and digital – for long periods of time. Specifically, mortgage loan documents and information are complex and demand rigorous bank records retention management processes throughout its lifecycle.

From backing up laptops and servers to archiving cloud data to leveraging an Iron Mountain data center to recovering information from older systems, we can help. Iron Mountain offers reliable and secure storage options as well as a bank document management system. Our innovative solutions will enable you to achieve your digital transformation goals by allowing you to store any remaining paper offsite while digitizing your information going forward. We also provide you with the tools to automate bank workflow processes and maintain online access to your records.

Our solutions are flexible and can be tailored to meet your company’s requirements to manage the records critical to your business.

2,500

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2,500 financial services institutions use Iron Mountain’s solutions and services

1,400

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Expansive footprint: more than 1,400 facilities in over 50 countries

48/50

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48 out of 50 Top U.S. Banks work with Iron Mountain

65

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Iron Mountain has over 65 years of experience in servicing the needs of banking customers

Banking Use Cases

Challenge:

A major US bank was experiencing a high level of check fraud. As a result, it became necessary to review a very large number of previously processed checks in a very compressed time frame. The bank did not have the equipment, manpower, or data capture expertise and technology to process these checks within the deadline.

Capabilities:

Iron Mountain quickly configured a solution to receive the previously imaged checks, capture the required metadata using both automation and manual techniques, and then fed that data back to the customer.

Value Prop:
  • Met required deadline and completed necessary analysis to inform their fraud system
  • Leveraged the Iron Mountain solution for incident management and day-forward monitoring
Banking Fraud Analytics Use Case
Solutions to Help:
Imaging Services
Challenge:

A global financial services company was consolidating facilities nationwide, looking at how to best utilize available space. The company struggled to manage physical files, which at the time were being stored in cabinets located near specific employees who needed access to those particular files. The goal was to simplify access to these files for authorized employees as the company transitioned to a more mobile and remote workforce.

Capabilities:

Iron Mountain partnered with the customer to create and execute a holistic solution to back file highly active images and store, microform and deploy an image on demand solution for the less active files. A day forward plan was put in place for image capture and born digital documents to optimize business processing and enable employee access to information.

Value Prop:
  • Lowered operating expenses
  • Reduced cycle times
  • Greater control and visibility into processes
  • Optimized spend with day-forward process
  • Uniform indexing scheme to manage older documents
Challenge:

A global professional services firm was looking to better manage human resources files, including maintaining a proper inventory of current documents. This was becoming more challenging, particularly as they rolled out a hoteling strategy that allowed an already mobile workforce even more flexibility to work anywhere.

Capabilities:

Iron Mountain created a centralized capture process to ingest Human Resources documents as they are received, validated those documents with the client’s HR database and provided an inventory of the document types along with other attributes to maintain replacement dates.

Value Prop:
  • Reduced duplicate and ghost files
  • Reduced costs for processing incoming documentation
  • Greater compliance with up to date paperwork for employees
Banking HR Document Inventory Management Use Case
Solutions to Help:
Imaging Services
Challenge:

A multinational investment bank and financial services company needed to identify a data center solution that allowed it to scale rapidly to meet increasing market demand while supporting its commitment to sustainability and security of customer assets. The provider also needed to be able to meet aggressive delivery timelines to ensure proper time-to-market.

Capabilities:

The company chose an Iron Mountain modular data center as the ideal solution to its data center initiative. This delivered data center PUE near 1.1, which reduced waste and addressed the sustainability requirement. The MOD also provided a self-contained environment for added security and scalability.

Value Prop:
  • Scalability
  • Sustainability
  • Fast Time-to-Market
Modular Data Centers
Solutions to help:
Hyperscale-Ready Facility

services we provide

Information Management-Four People Speaking | Iron Mountain

Information Management

Manage your information throughout its lifecycle and keep up-to-date with evolving industry regulations

Digital Transformation

Transform to an agile and digitally mature environment that addresses your changing business needs
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Data Centers

Colocate with confidence

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Secure Storage

Protect and preserve what matters most
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Contact Iron Mountain

Our Customer Support section can help provide you with the quickest answers to your questions, or feel free to contact us at your convenience