Financial services are undergoing drastic change
Technology has always been at the forefront of competitiveness for financial services firms as they strive to deliver industry-best consumer solutions, trading networks, and fend off fintech competitors. At the heart of these solutions is the network.
However, financial services institutions are facing new network operational challenges as they deploy new network-based services that consume greater bandwidth, require increased reliability, and need lower latency. New business initiatives such as omnichannel customer engagement, AI-powered services, and new data products are adding fresh and heavy demands on network resources while adding additional regulatory burden. And, VPs or heads of Network Operations are all being asked to support these initiatives without increasing their costs.
These new demands have a trickle effect down to the network and network operations, including:
- Explosive network traffic growth in new content – video, streaming, data, collaboration.
- Shifting application usage patterns and priorities
- Greater pressure to maintain Service Level Agreements (SLAs) especially in customer-facing applications
- The inability to gain complete visibility into network performance
Seeing optimized network services as the key, financial services firms are turning to Sandvine’s Enterprise Solution to give them the visibility and optimization they need to better operate their networks for higher customer engagement, faster transactions and trading, and increased competitiveness.
