Like any industry faced with regulatory compliance, lending organizations must adhere to a different set of standards for its IT infrastructure.
Though security concern once surrounded the cloud; when leveraging the right cloud provider, a virtual private data centercan offer a number of benefits, while meeting the security requirements dictated by consumer protection regulation.
Cloud Security and Consumer Protection Regulation
When dealing with sensitive consumer data, it’s critical that multiple measures are taken to prevent breaches. dinCloud infrastructure is purpose-built to combat infiltration. From IP filtering, to the dedicated firewall associated with each cloud resource, security is built into the foundation of dinCloud virtual private data centers. Our virtual private data centers adhere to SSAE 16 auditing standards, which are among the most stringent in the industry.
Scalable Cloud Infrastructure for the Lending Industry
Though not unique to the industry, lending firms are subject to fluctuating market demand. Given the uncertainty, committing to a sizeable capital expenditure is hard to justify. The cloud offers a scalable, pay-per-use model, amenable to businesses whose requirements and usage may change over time, as we often see in the lending industry.
Business Continuity for Lending Companies
Put simply, downtime means lost revenue for your business. In a consumer-facing industry like lending, a sound business continuity/disaster recovery (BC/DR) contingency in place can avoid offline time that could have been spent securing new business. BC/DR functionality is built into dinCloud infrastructure, with redundancy, fail—over mechanisms, and geographically dispersed data center sites. On top of that, snapshots of your entire infrastructure are taken daily and stored for 10 days, should you ever need to access them.