Start Your Free AI Journey Today
Start your free AI journey with Solix ECS AI for secure, automated document management for your workgroups.
Why Data-Driven Banks Must Choose Solix?
Banks, credit unions, and firms in the financial services industry manage vast amounts of data across retail, corporate, investment, and digital-led neo-banking services. Regulations governing this data management are stringent. While this data is crucial for creating a competitive advantage, institutions continue to face challenges with outdated systems, regulatory requirements, and escalating costs.
Solix can help banks modernize old infrastructure, improve data governance, and ensure compliance with regulations such as GDPR, GLBA, and PCI-DSS. Solix aids in discovering, anonymizing, and masking PII fields. Additionally, it enhances operational efficiency through real-time and historical analysis. Solix activates dark data and centralizes document storage and management within a unified, auditable platform.
Here’s How We Augment Your Existing Banking Data Operations
Streamline banking data operations with unified data management, advanced analytics, robust governance, cost optimization, compliance, and real-time insights
Decommissioning Legacy Applications and Information Lifecycle Management
Solix helps you modernize your legacy IT infrastructure and retire redundant legacy applications and tools with Application Retirement on the Solix Common Data Platform. This reduces storage, maintenance, and licensing costs while retaining full access to your data on a secure, compliant, and fully governed data platform.
Consolidating Diverse Banking Data into a Unified Data Platform
With Solix Data Lake Plus, you can consolidate your banking data into a unified data platform, helping you create a single source of truth.
The Solix Data Lake Plus architecture allows you to:
- Maintain end-to-end visibility across retail, corporate, and digital banking operations
- Use advanced analytics tools to track customer behavior, detect fraud, and score credit risk
- Generate real-time insights into operational performance and business KPIs
- Stage reliable data for financial modelling, stress testing, and regulatory audits
- Create a foundation for machine learning and AI initiatives
Discover Sensitive Data and Enforce Federated Data Governance for Improved Compliance
With the Solix Enterprise Security and Compliance suite of solutions, we deliver centralized governance, automated policy enforcement, and regulatory alignment for businesses looking to secure their data ecosystem.
Key Features Include:
- Sensitive Data Discovery and Tagging
- Rule-based Data Masking for Compliance and Privacy
- Automated Retention and Robust Access Control Frameworks
- Adherence to Global and Regional Regulations on Data Management
- Enforcing Federated Data Governance on your data without needing to move it
Activate your Dark Data and Manage it in a Lakehouse-like Data Platform
Banks have accumulated millions of forms, several redundant applications, and credit reports over numerous years of operations. However, little is known about all of this data and its compliance requirements, essentially becoming what one could call “dark data.”
With Solix Intelligent Data Classification and Solix Enterprise AI, you can uncover your dark data and transform it into an insight-driving asset you can leverage for business decisions. In addition to insights, you will also uncover the nature of sensitivity, enabling you to automatically tag it according to its nature, retention mandate, and type. This data can also be queried in natural language with Solix GPT via a chatbot-style interface.
Related Resources
Explore related resources to gain deeper insights, helpful guides, and expert tips for your ongoing success.
Why SOLIXCloud
SOLIXCloud offers scalable, secure, and compliant cloud archiving that optimizes costs, boosts performance, and ensures data governance.
-
Common Data Platform
Unified archive for structured, unstructured and semi-structured data.
-
Reduce Risk
Policy driven archiving and data retention
-
Continuous Support
Solix offers world-class support from experts 24/7 to meet your data management needs.
-
On-demand AI
Elastic offering to scale storage and support with your project
-
Fully Managed
Software as-a-service offering
-
Secure & Compliant
Comprehensive Data Governance
-
Free to Start
Pay-as-you-go monthly subscription so you only purchase what you need.
-
End-User Friendly
End-user data access with flexibility for format options.
