Synology showcased comprehensive data management and protection solutions at the Elets NBFC100 .....
Synology, a global leader in delivering comprehensive IT solutions that
span edge, core, and cloud environments, showcased its range of complete data
management and protection solutions for the financial industry in India at
Elets NBFC100 Tech Summit 2024 on 21st November 2024, at ITC Maratha, Mumbai.
With the enactment
of India’s Digital Personal Data Protection Act (DPDPA) and the recent
disruptive cyber attack on a fintech provider affecting around 300 local banks,
Synology highlighted the urgent challenges faced by financial institutions.
Addressing stricter data governance requirements, Synology emphasized the
importance of secure data management solutions to protect sensitive customer
information, ensuring compliance with enhanced data localization and security
standards crucial for the finance sector.
Russell Chen,
Synology’s Country Manager for the SAARC region, remarked, “With the financial
sector’s heightened focus on data security, the demand for large-scale data
management, secure storage, and comprehensive solutions is more prominent than
ever.” He added, “In India, Synology has observed a rising demand within the
financial industry for high-standard backup solutions and rapid response
capabilities. This reflects our strength in delivering secure storage and data
protection solutions that not only meet compliance standards but also address
the evolving needs of the sector. Our tailored approach ensures seamless
alignment with the industry's requirements for reliability and scalability,
driving consistent growth and customer trust.”
Synology is a
trusted partner for several global financial institutions, including IDEA Bank
in Poland and AGRIBANK in Vietnam. Additionally, the company has established
strong relationships with government-affiliated financial institutions and
leading insurance firms in India, offering tailored storage management
solutions that meet their unique needs. Synology’s solutions enable seamless
data localization, simplify the management of data retention policies, and, most
importantly, deliver advanced security to safeguard sensitive information.
Synology introduced
its latest innovation in data protection, the ActiveProtect series—a dedicated
backup appliance designed to simplify deployment and scaling in finance and
other data-heavy sectors. With a streamlined interface, ActiveProtect secures
up to 2,500 multi-server environments across multiple sites and provides data
immutability and retention policies for robust business continuity against
ransomware attacks. Russell Chen, Synology’s Country Manager for the SAARC
region, stated, “The ActiveProtect series is well-suited to India’s financial
industry landscape, empowering corporations to maintain essential data security
and recoverability.”
To meet the rising demand for large-scale data storage, Synology
recently launched its flagship HD6500 model in India. Offering up to 6 petabytes of
storage, this high-density solution is perfect as a
central data repository or backup system for enterprises with substantial data
needs. Tailored for data-intensive sectors like banking, financial services,
and insurance, the HD6500 sets a new standard in large-scale storage
capabilities, delivering robust performance and scalability for critical data
management.
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