Pub. 6 2017 Issue 3

l e a d i n g a d v o c a t e f o r t h e b a n k i n g i n d u s t r y i n k a n s a s 16 SERVERLESS COMPUTING By Robert Mendez, Executive Vice President, BankOnIT NOW YOUR BANK NEVER HAS TO BUY ANOTHER SERVER - EVER AGAIN I MAGINE BEING ABLE TO GROW, CHANGE AND modify your bank’s computing needs at any time without worry of being tied to the historical limitations inherent in owning and running old-style servers. Did you know other bankers are already benefitting from these capabilities? Serverless computing allows you to do exactly that, and it’s a service available today exclusively from BankOnIT. Growing, changing and modifying a bank’s computing needs have historically meant buying more equipment, hiring technical people and worrying about keeping all of the servers in your bank secure, backed up and running 24/7/365. And many times you feel locked into what you already own (due to remaining undepreciated amounts on your books). This results in being stuck with equipment that does not meet your needs and limits your ability to make decisions that would benefit your bank. Serverless computing provides your bank flexibility to increase, decrease, modify and change the computing needs you have without incurring the burden of purchase expenditures, maintenance or management associated with historical server purchases. Think of what it would mean for your bank if you could take virtually all of the software and applications running on servers in your bank today and run them in a serverless environment that provided improved security and reliability. And when you needed a new server it was available to you much faster, without any additional charge and with all of the backups, maintenance and support included. Serverless Computing from BankOnIT complements two other recently released BankOnIT enhancements, BankOnIT’s Virtual Engineers and the Bankers Private Cloud ® Threat Mitigation Shield, both added at no additional cost to client banks. BankOnIT developed its Virtual Engineers within its Bankers Private Cloud ® solution to collect and analyze the massive amounts of data relating to systems’ performance and security that flow through the firm’s own data centers. Designed to detect patterns and identify anomalies, the Virtual Engineers’ artificial intelligence systems are designed to take action when specific issues arise. Issues such as a failed hard drive in a storage cluster, a down Internet connection or a cybersecurity threat are only a few examples of issues that are automatically handled in less than seconds. The Virtual Engineers were developed to complement and enhance BankOnIT’s previously released security enhancement, the Bankers Private Cloud ® Threat Mitigation Shield. The Bankers Private Cloud® Threat Mitigation Shield helps client banks better defend themselves against the rapidly increasing number of cybersecurity risks, such as ransomware, Distributed Denial of Service Attacks (DDoS) and other security threats. While most security solutions from other vendors are focused on historical threats, the Bankers Private Cloud ® Threat Mitigation Shield helps protect banks against current and emerging threats such as snowshoeing and other evolving threats. With substantial enhancement from previous protections, the Bankers Private Cloud® Threat Mitigation Shield monitors emails, Internet traffic and other activity every second of the day for client banks and uses advanced algorithms and analytics to detect and mitigate malicious traffic, such as ransomware, in real-time. The service uses a layered approach to mitigate threats so that if a threat gets past one defense there are multiple other defenses still defending the bank. Each of these features is designed to work together and complement each other, providing banks improved security, reliability, efficiency and overall better results. Discover how BankOnIT can help your bank operate more efficiently with improved reliability, increased security and lower capital expenditures by contacting us at 800-498- 8877, option 2, or solutions@bankonitusa.com . About the Author: Robert Mendez is executive vice president of BankOnIT. Mendez has nearly 25 years of banking experience and joined BankOnIT in 2006. He holds a BBA in finance, an MBA and is a graduate of the Graduate School of Banking at Louisiana State University in Baton Rouge. Mendez previously co-founded a bank regulatory software company. As a former banker, Mendez has a unique perspective on a bank’s need to meet security, efficiency, reliability and regulatory requirements, while maximizing earnings.