Efficiency Uplift As Finance Firm Takes To The Clouds

Released on: September 07, 2011, 4:45 pm
Author: The Funding Corporation
Industry: Financial

Cloud computing is set to deliver a down-to-earth £40,000 annual saving for a major UK finance group - and provide an ultra-secure back-up for millions of pieces of vital company information.

The Funding Corporation, based in Chester, is now getting ready to scrap more than fifty percent of the 100-plus servers currently used to back-up its customer files and other data.

In place of the costly and bulky physical technology will come a remote back-up facility provided by computer data recovery specialist Acronis.

Not only will the move represent major financial savings for the company, it will also achieve a vast reduction - of over 90 percent - in the time previously spent retrieving archived data.

Time taken to create a full back-up of The Funding Corporation's systems and information will also be greatly scaled down.

Data sent to the "virtual servers" provided by Acronis is fully encrypted, and the system meets the strict security regulations which govern data storage by members of the financial industry.

Dan Tinsley, Principal Systems Engineer at The Funding Corporation, said that the company's rate of growth meant that its previous back-up and recovery systems were becoming untenable:

"Simply adding more and more servers to hold our data would not be cost-effective, and would have meant constantly increasing the time taken to retrieve stored information.

"Now, however, we can look at executing a full recovery, should it ever be needed, in a matter of hours instead of days using the company server-based system," said Dan.

He also points out that by using off-site storage provided by Acronis, The Funding Corporation's data is completely protected from potential disasters such as fire, floods and theft.

The company, recently named "Responsible Lender of the Year" by Credit Today, provides motor finance for the growing number of people unable to borrow from mainstream lenders.

ENDS

More press information from PR consultant Jon Boston on 01768 895 225 (jon@jjbpr.co.uk) or Marketing Manager Jane Whittle on 01244 625 683

The Funding Corporation Limited is a privately owned and independent UK finance company based in Chester at International House on Chester Business Park. The company was established in 2001 by a group of former senior managers from the Bank of Scotland, and in 2007 the I.M. Group became the majority shareholder. Registered in England number 4055624.

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