
Financial services
Banking
Customers have moved past paper and they expect their banks to keep up.
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Banking Solutions use cases
Fraud Analytics
Capabilities: Iron Mountain quickly configured a solution to receive the previously imaged checks, capture the required metadata using both automation and manual techniques, and then fed that data back to the customer.
Value prop:
- Met required deadline and completed necessary analysis to inform their fraud system
- Leveraged the Iron Mountain solution for incident management and day-forward monitoring
Backfile imaging for improved access
Capabilities: Iron Mountain partnered with the customer to create and execute a holistic solution to back file highly active images and store, microform and deploy an image on demand solution for the less active files. A day forward plan was put in place for image capture and born digital documents to optimise business processing and enable employee access to information.
Value prop:
- Lowered operating expenses
- Reduced cycle times
- Greater control and visibility into processes
- Optimised spend with day-forward process
- Uniform indexing scheme to manage older documents
HR document inventory management
Capabilities: Iron Mountain created a centralised capture process to ingest Human Resources documents as they are received, validated those documents with the client’s HR database and provided an inventory of the document types along with other attributes to maintain replacement dates.
Value prop:
- Reduced duplicate and ghost files
- Reduced costs for processing incoming documentation
- Greater compliance with up to date paperwork for employees
Data Centres
Capabilities: The company chose an Iron Mountain modular data centre as the ideal solution to its data centre initiative. This delivered data centre PUE near 1.1, which reduced waste and addressed the sustainability requirement. The MOD also provided a self-contained environment for added security and scalability.
Value prop:
- Scalability
- Sustainability
- Fast Time-to-Market
- 75%
Reduction in money laundering case resolution times through the use of AI
Attivio - $270 billion
Yearly cost to banks of meeting compliance – nearly 10% of operating costs
International Banker - Big 4 BanksAll of the Big 4 UK banks, and many more, trust and work with Iron Mountain
- 2,5002,500 financial services institutions use Iron Mountain’s solutions and services
