Banking Solutions Can Help You:
Accelerate digital transformation
Enhance financial services compliance and gain efficiencies
Ensure protection of information
Banking Solutions Can Help You:
Accelerate digital transformation
Enhance financial services compliance and gain efficiencies
Ensure protection of information
How Iron Mountain can help transform your Banking Services
Banks are facing the challenges of digital transformation in their industry and are working to implement a strategy to digitize paper-based processes.
Today, most banks operate in a hybrid environment of paper and electronic information, and this means time is wasted searching for and processing documents. As we move toward the paperless bank branch, new customer records, operational records, and legacy records will be digitized for greater accessibility, efficiency, and compliance.
$270 billion
Yearly cost to banks of meeting compliance – nearly 10% of operating costs (International Banker)
46/50
2,500
Customer Success in Banking
The banking industry is undergoing a digital transformation. Using cloud-based solutions and AI, Iron Mountain helps banks effectively manage both physical and digital records and processes as you transition to paperless banking. This unlocks value from your data to reduce costs and support the needs of your customers.
Banking Solutions 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
Solutions to Help:
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
Solutions to Help:
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
Solutions to Help:
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
Solutions to help:
Featured Banking Solutions
Information Management
Digital Transformation
Additional Resources
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.
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.