Financial

KOM Networks can help financial institutions achieve compliance.

Financial institutions regard improving data quality as a key issue for risk management. Coupled with regulatory requirements, these two factors are the driving force behind the substantial investments in IT.

Regulations such as Basel I & II, SEC, NASD, Sarbanes-Oxley touch the heart of the financial industry and are the top IT spending priorities for many organizations that are faced with regulatory and corporate requirements. According to the storage and financial industry analyst reports, public companies that do not adopt a compliance management architecture by 2006, will spend 50 percent more annually to achieve compliance and avoid possible fines and legal obligations.

KOM Networks continues to help financial institutions around the world in achieving compliance. KOM software ensures information integrity and availability, enforce retention, and secure data from non-authorized access and from being tampered with.

KOM Networks' solutions can be configured to assist organizations achieved their compliance goals.

KOMworx, OptiServer, and OptiFile help financial institutions such as HSBC, Deutsche Bank, and Citibank in achieving compliance.