Reasons Why Financial Institutions Should Implement Hosted Desktops
In analysis / By Ben Wheatley / 28 August 2019
As technology evolves and software improves, financial institutions (FIs) are expected to embrace the disruption technology brings. As more industries move their day-to-day workflow onto cloud software, hosted desktops and Software as a Service (SaaS); it’s evident that the accelerating rate of technological change is not only innovating the financial services ecosystem - it’s disrupting obsolete policies, acquisitions and methods. It’s clear that banks have made exceptional strides in their digital offerings, with more and more UK banks adopting a ‘FinTech’ narrative, but there are still a number of institutions that haven’t quite caught up.
Financial organisations need to operate at the forefront of innovation and embrace this change so that they can stay ahead of the competition. One way to accept this change, enhance efficiency and become more agile is through the implementation of a hosted desktop solution.
Improve Flexibility and Scalability
Virtualisation and utilisation of the cloud gives businesses in the financial sector (such as banks and credit card companies) the capability to swiftly scale their processing capacities, meaning they can stay in line with global customer demands and dynamic market developments.
For example, digital challenger banks are rapidly taking up a large share of the market, as they offer personalised, transparent customer-centric banking. In order to keep up with customer demands, these banks need to scale accordingly - the right hosted desktop solution will offer these banks a full office working environment as a service. The modules and operations within this desktop can be streamlined, updated and adapted to suit the needs of each individual department within the business, therefore increasing profitability through maximising the value from your investment.
Data is Safer
It’s no secret that FIs store and process a gold-mine of sensitive customer data on a daily basis. From contact information to addresses and banking details, this wealth of information makes any business within the financial sector an appealing target to cyber criminals. This is where a hosted desktop solution comes in. They don’t store or process any sensitive data - it is stored off-site on the hosting company’s servers where it is safe and secured. Should an employee lose a laptop or leave a device somewhere, there’s no need to worry about data loss.
A reliable hosted desktop provider is much safer than storing data in-house. Providers undertake daily back-ups of the data it stores and will have cooling systems, fire systems and back-up generators in the event of a disaster. Alongside this, there will be 24-hour monitoring and security.
Reduce IT Costs
One great benefit of implementing a hosted desktop solution is that it can save you a considerable amount of money in the future. For starters, you save on the cost of running your own servers and internal support teams (if applicable). Alongside this, new applications and resources aren’t always compatible with ageing processors and computers, therefore slowing down efficiency and taking longer to run. In comparison, hosted desktops are designed to utilise the hardware your business currently uses; meaning you’ll be making the most of your existing estate. Alongside this, all users gain access to the desktop via a secure gateway that uses minimal bandwidth.
Work from any Device, Anywhere
Remote working is becoming the standard for many industries. In fact, 56% of global companies surveyed by Entrepreneur stated that they offered fully remote working or a hybrid option. Hosted desktops give you the ability to work wherever you are, on any secure device - as long as there is an internet connection! Hosted desktops are also compatible with any device - if you have an employee who travels a lot, they can update files and stay up-to-date from their own phone or tablet.
At Nasstar, we work with you to get the most from your systems and applications, with our dedicated Professional Services team on hand to support you each step of the way. Contact us today to discuss your requirements.