Mar 21 2017

Ipswitch® Announces a New Resource for Bank, Financial Services and Insurance IT Professionals

Newly Available Guides, Videos and Blog Posts Document How BFSI IT Pros Improve Client Services While Assuring Regulatory Compliance

Lexington, Mass, March 21, 2017Ipswitch, the leader in easy to implement and administer file transfer and network management software, announced today the release of a new online resources for Banking, Financial Services and Insurance (BFSI) IT professionals . This collection of e-books, videos, blogs and user stories are dedicated to helping IT teams optimize file transfer processes to provide improved and more secure client services.

Daily operational processes like remittance transfers, ACH payment notifications, bank statement transfers or mortgage and loans approvals require a large number of operational data transfers between internal systems as well as to external partners. Automating these processes with secure managed file transfer systems saves time, IT workloads and operating costs for financial services institutions while improving the quality of client services.

Financial institutions also have to comply with a complex network of regulations such as Sarbanes-Oxley Act, Gramm-Leach Bliley Act, Dodd-Frank Act, Electronic Fund Transfer Act, Fair and Accurate Credit Transaction Act or the European GDPR (General Data Protection Regulation). Customers’ Personally Identifiable Information (PII) shared during these operations should be encrypted to prevent the risk of data breaches and leaks that could result in   severe regulatory penalties.

Ipswitch MOVEit enables BFSI organizations to increase file transfer workflow efficiencies , reduce costs and ensure regulatory compliance while securely and reliably sharing large volumes of highly regulated data with complete control and visibility. Hundreds of banks and credit unions depend on MOVEit for secure file transfers in accordance with SOX, GLB, PCI and GDPR data protection requirements globally.

“Ipswitch is heavily focused on enabling IT teams with best-in-class IT management tools. This requires extensive customer interaction to better understand use cases and product feedback,” said Monica Gupta, Ipswitch Senior Product Marketing Manager. “One of the things we discovered in these interactions is that our customers are very interested in learning how their peers use technology to overcome these operational and security challenges. This new resource is dedicated to that purpose.”

To learn more about why hundreds of BFSI organizations are using Ipswitch MOVEit to achieve security and regulatory compliance, increase competiveness and reduce costs visit our online resources.


 

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About Ipswitch
Today’s hard-working IT teams are relied upon to manage increasing complexity and deliver near-zero downtime. Ipswitch IT and network management software helps them succeed by enabling secure control of business transactions, applications and infrastructure. Ipswitch software is powerful, flexible and easy to try, buy and use. The company’s software helps teams shine by delivering 24/7 performance and security across cloud, virtual and network environments. Ipswitch Unified Infrastructure and Applications Monitoring software provides end-to-end insight, is extremely flexible and simple to deploy. The company’s Information Security and Managed File Transfer solutions enable secure, automated and compliant business transactions and file transfers for millions of users. Ipswitch powers more than 150,000 networks spanning 168 countries, and is based in Lexington, Mass., with offices throughout the U.S., Europe, Asia and Latin America. For more information, please visit https://www.ipswitch.com/, or connect with us on LinkedIn and Twitter.

Media Contact:
Bene Ferrari
bferrari@ipswitch.com