Harnessing Neverinstall's Potential in Financial Services Companies

Overview

Companies running business in the banking, financial and insurance related industry have a lot on their plate, especially with compliance, regulations, maintaining centralised databases, and large volumes of employees, who often work remote. They are therefore dedicated to maintaining the highest standards of data security and privacy. Fintech companies leverage specialised software and algorithms to streamline financial processes on both computers and smartphones, making financial operations more efficient and accessible for businesses and individuals alike.

Problem Overview

Significant challenges that necessitated an innovative approach to operational infrastructure -

Strict Data Security Requirements: Due to the sensitive nature of their work, maintaining high-level data security protocols was non-negotiable.

Need for Contractual Employee Onboarding: To handle heavy workloads, companies need to onboard contractual employees efficiently without compromising on security or operational efficiency.

Disaster Recovery and Business Continuity: Financial service companies cannot afford downtime, as it can result in financial losses and damage to their reputation. DAAS solutions offer built-in disaster recovery capabilities, with data backups and failover mechanisms ensuring continuous access to critical applications and data even in the event of hardware failures or natural disasters.

Compliance Challenges: Fintech companies face stringent regulatory requirements governing data privacy, retention, and auditing. DAAS solutions help address compliance challenges by providing centralized management tools for enforcing security policies, auditing user activities, and maintaining comprehensive records of data access and usage.

Amidst the proliferation of numerous SAAS/cloud tools, managing data becomes increasingly challenging for companies. Each tool captured its own slice of event logging, it could take hours of hands-on expertise to put these pieces together. However, by implementing robust security measures at the foundational level of the Cloud PC's operating system, many security gaps can be effectively mitigated. This streamlined approach not only enhances security but also simplifies the tasks of IT administrators.

Solution: Embracing Neverinstall

After a comprehensive market analysis, Neverinstall's DaaS solution, offers several compelling advantages.

• Rapid Deployment: Neverinstall enabled the company to deploy a scalable DaaS solution instantly, significantly reducing downtime and accelerating the onboarding process for contractual employees.
• Enhanced Monitoring Capabilities: The solution provided robust tools for monitoring the activities of contractual employees, ensuring compliance with company policies and security standards.
• Scalable and Secure DaaS Solution: Neverinstall's DaaS solution facilitated the easy implementation of security protocols, offering a seamless blend of flexibility and security.
• Comprehensive Management Dashboard: A user-friendly dashboard allowed for efficient management of DaaS resources, employee access, billing, and usage metrics, streamlining administrative tasks for the IT team.
• Stay Compliant: Neverinstall helps enterprises meet key regulations and maintain compliance with PCI-DSS, FINRA and SOC II by providing a secure, centralized platform for managing virtual desktops and sensitive data.

Additional Benefits

• Cost Efficiency: By leveraging Neverinstall's DaaS solution, Financial service companies can avoid significant capital expenditures on hardware, aligning with their financial optimisation strategies.
• Flexibility and Scalability: The company can benefit from the ability to scale its operations up or down based on workload, without compromising on performance or security.
• Ease of Adoption: Neverinstall is designed for seamless integration, enabling users to effortlessly access their cloud-based PCs within seconds and with just a few clicks, eliminating the need for extensive technical expertise.

Conclusion

Neverinstall marks a pivotal shift in the operational approach, addressing their core challenges with an innovative and efficient solution. This strategic decision not only enhances the security posture but also optimized their resource allocation, setting a new standard for operational excellence in the financial services industry minimizing the dependency on the IT management team.