The Problem - Slow Risk and Fraud Detection
In today’s risk adverse economy, financial and insurance companies must produce immediate analytics and risk assessments to gain greater visibility into high risk and fraudulent transactions. Also, regulatory and compliance laws make it mandatory for companies to produce financial records and risk analysis within the same day versus taking weeks.
Off-the-shelf and customized risk management applications experience performance problems because of long storage I/O wait times and slow load times for bulk data. Disk latency impacts an application’s ability to respond quickly to ad hoc queries, complex analytic reporting and bulk data transfers.
The Solution - Kaminario K2 Fast Data Access
Faster access to critical data means greater transparency and responsiveness to high risk transactions and fraud attempts. Kaminario K2 all Flash SSD Array enables batch reports and complex risk analysis analytics to be done within hours rather than weeks. Its extreme performance delivers real-time data access, reducing errors in risk assumptions and quickly identifying "bad risks". The Kaminario K2 scalability also enables you to handle more parallel ad hoc queries from users who are trying to assess risk exposure and fraud attempts. The Kaminario K2 also has no single point of failure and supports high availability, enabling data access to continue no matter what providing continuous access to risk analysis and data.
"Our private-banking and monetary divisions' application processes were extremely I/O-intensive, and we needed to accelerate them in order to improve the service to our business and customers. The Kaminario K2 appliance provided us with a fast and easy-to-deploy solution to optimize our applications, saving us valuable time and money while helping us to improve services to our customers."
- Itzhak Malach, senior executive vice president, head of operations, Information Systems and Administration at Leumi
Put the data of your most demanding risk and fraud analysis application or database on Kaminario K2 all solid-state SAN storage for greater performance, all with less than a day of implementation.