Hours of Content
OpenGov Asia is pleased to invite you to our OpenGov Breakfast Insight event aimed at imparting knowledge to the Singapore Banking, Financial Services and Insurance industry.
The evolution of digital financial services will be most noticeable in Singapore over the coming years in three important areas: Web 3 and the emergence of decentralised finance, AI and Machine Learning.
A regulatory framework, adherence to policies and accountability will go a long way to improve services, enhance safety and better the client experience. Hence, robust governance and compliance must be a priority in the Banking, Financial Services and Insurance (BFSI) sector.
By adopting a centralised data protection solution, Clients can have visibility and assurances across their heterogeneous workloads to where and how their data are protected, allowing them to meet their recovery time objectives and IT audit compliances.
Malware and ransomware threats and overall cyber security need to be strategically addressed on many different levels. This entails proactively checking for irregularities and monitoring the backups. Backup data are stored securely as immutable copies to prevent encryptions from malware. Data to be recovered also needs to have the option to be scanned and cleanse by organisation’s anti-virus solution to prevent ‘unclean’ data to be restored back to production.
Enhancing data trust lifecycle management is necessary to prevent the reintroduction of previously uncleaned data into production as data is being cleaned and operationalised. Everyone must protect their privacy and regulations like the Personal Data Protection Act (PDPA) must be upheld and followed.
Veeam’s customer Kasikornbank (KBank), one of the largest and most successful banks in Thailand, is also Forbes Global 2000 company serving 16.5 million customers. As digital transformation requires modern data protection, they looked for an alternative when their legacy backup solution had to modernise. They deployed Veeam’s solution, which provided data protection that aligns with the bank’s vision to build the digital bank of the future and supports data privacy compliance regulations from the Central Bank of Thailand. Thus saving 900 administrative hours monthly and $70,000 in IT cost annually.
BFSI organisation should adopted these approaches when they seek to modernise their data protection solution.
Modernise Data Protection Strategy
It can be challenging to provide flawless performance while reducing the danger of interruptions due to ransomware and other cyber-attacks. Modern data protection solutions have demonstrated the ability to reduce expenses, enhance automation, boost intelligence and develop novel methods to reuse data to fuel new life.
Automate Finance Operations
Intelligent automation removes manual, time-consuming, and repetitive operations and can guarantee business continuity.
Data Classification to Mitigate Security Threats
BFSI organisations must safeguard all workloads using backups, reinforced with snapshots and replication when necessary. This will ensure data is always recoverable and accessible in the case of outages, assaults, loss, or cyber threats. Practices for data governance are improved by this function.
Ensure Data Immutability to Mitigate Risk
Receive unequalled data immutability, instantly identify ransomware activity, and take action to stop future infection.
OpenGov Asia is pleased to invite you to our OpenGov Breakfast Insight aimed at imparting knowledge to the Singapore Banking, Financial Services and Insurance industry.
This session serves as a great peer-to-peer learning platform to gain insights and practical solutions that enables organisations to maximise data capability through automation, and cost-effective and secure data-driven process to adhere to the current data regulation and compliance.
We will be discussing:
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Bank Julius Baer
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DBS Bank Ltd
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Veeam® is the leader in backup, recovery and data management solutions that deliver Modern Data Protection. We provide a single platform for Cloud, Virtual, Physical, SaaS and Kubernetes environments. Our customers are confident their apps and data are protected from ransomware, disaster and harmful actors and are always available with the most simple, flexible, reliable and powerful platform in the industry. Veeam protects over 400,000 customers worldwide, including 82% of the Fortune 500 and 69% of the Global 2,000. Veeam’s global ecosystem includes 35,000+ technology partners, resellers and service providers, and alliance partners and has offices in more than 30 countries. To learn more, visit www.veeam.com or follow Veeam on LinkedIn @veeam-software and Twitter @veeam.
IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.