MSP TODAY NEWS

Managed Cloud Services Offer Advantages for Financial Institutions

By Special Guest
Randy Nieves, Chief Technology Officer, NexusTek

Financial services teams worldwide are improving security, efficiency and agility while lowering costs by investing in cloud-based technology. Companies that have embraced digital transformation are 26 percent more profitable, on average, than their industry competitors. In addition, tech savvy businesses enjoy a 12 percent higher market valuation, according to the MIT Center for Digital Business.

Digital transformation means different things to different people, but it’s generally understood that moving applications critical to your daily operations to the cloud is a key step. Industries shift on a dime, and financial services teams must be able react and respond in real-time – without losing productivity.

Among cloud technology’s most attractive benefits is its consumption-based pricing model. Costly CapEx investments in infrastructure have been replaced by more manageable, recurring OpEx fees based on consumption. Simply put, users only pay for what they use.

For some companies, public cloud environments are fine. For others, a managed private cloud is more appealing by virtue of increased visibility, flexibility and support.

Managed private cloud services help middle market companies meet customers’ specific business and regulatory requirements through customization within either a single tenancy or multi-tenant model. Built-in redundancies, flexibility and performance, along with the privacy of a dedicated infrastructure are critical to meeting compliance requirements and line-of-business applications in a reliable, scalable environment. With regulatory bodies, such as FINRA, increasing their scrutiny of business continuity plan, managed private cloud services offer a timely solution for digital transformations and the ever-increasing array of pain points that financial services companies face.

According to new research, out of 110 credit unions and community banks, 31 percent had just one employee in their IT departments, and 26 percent had only two.  Just 12 percent had more than five IT staffers.  These findings support the advantage of working with a cloud and managed IT services partner.

The right partner can translate your business and compliance needs into a single scalable solution that focuses on privacy and security, while providing white-glove, 24/7 support. 

Randy Nieves is Chief Technology Officer and SVP of Product Management for NexusTek, a national provider of cloud, cyber security and managed IT services. NexusTek’s comprehensive cloud services portfolio is hosted in geographically redundant SSAE 16-certified data centers that leverage a software-defined architecture to bring together storage, computing, and other elements in a single solution optimized for managing customized enterprise workloads in the Cloud.




Edited by Erik Linask


SHARE THIS ARTICLE
Related Articles

New MSP Ascend Technologies Launches in the Midwest

By: Stefania Viscusi    4/2/2020

Managed service providers (MSPs) play an important role today as cloud technology and remote work are leading so many functions. In the mid-west regio…

Read More

netsapiens Releases Update to Unified Communications Platform to Enable Teleworking in a Snap

By: Erik Linask    4/2/2020

netsapiens has release the latest update to its SNAPsolutions UC&C platform to further enable MSPs and resellers to help businesses adopt remote worki…

Read More

Stellar Cyber Gets Additional Funding to Grow Its Security Business

By: Erik Linask    3/25/2020

AI-based security provider Stellar Cyber has extended its Series A funding with $7.1 million in new investment to grow its business and increase its p…

Read More

SkySwitch Adds Microsoft Teams Integration with TeamMate Technology Solution

By: Erik Linask    3/25/2020

SkySwitch MSP partners and resellers can now offer integrated cloud PBX and Microsoft Teams functionality using TeamMate Connector for maximum UC func…

Read More

Google and T-Systems Partner on Managed Services and Cloud Competence Center

By: Laura Stotler    3/11/2020

Google Cloud and Deutsche Telekom subsidiary T-Systems have teamed up to offer enterprise managed services. The companies are also working together to…

Read More