© copyright 2016 dell . all rights reserved. 1 · top 5 global bank . case study • massive data...

2 © Copyright 2016 Dell . All rights reserved. 2 © Copyright 2016 Dell. All rights reserved.

Financial Services: Regulations and Compliance with InfoArchive

Joe & Bryant


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EMC INFOARCHIVE An Enterprise Information Archiving Platform that unlocks

data of all types, trapped in siloed applications, lowering IT costs, preserving compliance and putting application data

to work.

Leave No Application Data Behind


Secure data & content

Shut down applications & infrastructure; Ensure compliance

Secure data & content

Manage data growth, optimize infrastructure; Ensure compliance

InfoArchive Drives New Value Production

Applications

InfoArchive

Legacy Applications

Reuse & Compliance

Extend to new users

Provide new context

Feed new applications

Feed Big Data environments


InfoArchive in 2016

• Synchronous Ingestion and access

• Clinical Archiving 2.0 – HIMVision

• Cloud-scale capabilities with ECS

• WORM compliance with Centera

Accessibility • New Architecture • User Centric Design • In-Place Compliance • Solutions

– Clinical Archiving 1.9

Extreme Archiving • Cloud Storage Capabilities

– Amazon S3 • Customized Search and Export

– Find what you want – Export what you need

• eDiscovery Functionality – Collections and production sets

• InfoArchive for SAP

Compliance

RECOGNIZED AS A LEADER IN THE GARTNER MQ FOR STRUCTURED DATA ARCHIVING AND APPLICATION RETIREMENT 2016

June 4.0

Dec 4.2

Sept 4.1


4.2 MOVE TO THE

CLOUD

Amazon S3 ECS

IAaaS

CONTROL

Extended Compliance eDiscovery Collections

ACCESSIBILITY

Customized Search & Export

User Centric Reports

HORIZONTAL & VERTICAL SOLUTIONS

FinServ SAP

Clinical Archiving

Accelerate Digital Transformation


What’s Driving Customer Needs? Digital Transformation

COMPLY

Increasing burden to meet regulatory & legal requirements, across

industries

ANALYZE

Competitive need to leverage information –

gaining strategic insights and responding quickly to

all inquiries

ACCESS

Strategic imperative to eliminate the hindrance

of data silos and increase the usability of valuable

information

11 © Copyright 2016 Dell . All rights reserved. 11 © Copyright 2016 Dell. All rights reserved.

Financial Services: Regulations and Compliance with InfoArchive

Joe & Bryant


As corporations push for digital business transformation, data - of all types - becomes

their most valuable strategic asset


Speed and Volume of Data

Application created data

Human created data – Data and content


Data Types Not just transactional Requirements for correlation Cross-reference More and more specific

Typical scenario (USA: 7 years retention) – 10-100’s of Billions of emails – 10’s of Billions of short messages – Millions of voice recording – Millions of documents – 10’s of Billions of transactions – Thousands of retention policies – 100’s of data and content types – Thousands of legal cases and holds


Increasing and Overlapping Regulations Regulations to improve transparency and reduce risks in derivative markets. • EMIR, AIFMD, UCITS V, MAD and MiFID in the

European Economic Area • The Dodd-Frank Act Title VII in the US • Specific Trade Reporting legislation • HKMA reform in Hong Kong • Similar reforms in the other countries in Asia and Latin

America • Most of these regulations have an extra-territorial impact


Increasing and Overlapping Regulations Structural reforms designed to address new regulations to protect customers and taxpayers. • The Dodd-Frank Act Volcker Rule in the US • Structural reform of banking in the UK • Structural reform of banking in the European Union Strengthen bank capital requirements and increase bank liquidity reserves to drive down systemic risk. • Basel III accord is already implemented in a number of countries,

including Hong-Kong • In Europe, Capital Requirements Directive (CRD) IV implements

Basel III requirements


Increasing and Overlapping Regulations Tax transparency to address tax avoidance. • The Foreign Account Tax Compliance Act (FATCA) • The UK and EU are in the process of enacting similar

measures to address tax avoidance. Amongst these are the OECD’s Common Reporting Standard for the Automatic Exchange of Financial Information (CRS), and the UK Crown Dependencies and Overseas Territories (UKCD and OT) Regulations


Fines & Settlements $12B by March 1

August - FINRA Fines Deutsche Bank Securities Inc. $12.5 Million for Inadequate Supervision of Internal Communications

June - Deutsche Bank Securities $6 million for failing to provide complete and accurate trade data to both FINRA and the SEC


Cost of Compliance 32% will spend 4-7 hrs/week attending to regulations

Thompson Reuters – Cost of Complaince


The truth, the whole truth, and nothing but the truth

Data Integrity • Retention

• Legal holds

• Chain of custody

• Security

• Privacy

• Auditability


REQUIREMENTS:

Retention: Based on record type- not format Date based and event based Often one record is controlled by

multiple retention policies

Legal holds: Crosses content types Jurisdictions dictate disposition Occasionally one record is subject to

multiple holds

Data Integrity • Retention • Legal holds • Chain of

custody • Security • Privacy • Auditability




STRATEGY: Storage based controls: Standard place for enforcement of

policies Allows most efficient control of content Controls administered by storage team Software based controls: Best place for management of policies Provides proof of proper management Controls administered by records team


REQUIREMENTS:

Prove a chronological trail, showing the appropriation, custody, control, transfer, analysis, and disposition of valuable information.






STRATEGY:

Treat chain of custody as a process, not a technology.

Enforce at the ingestion point.

Mark object metadata with identifier

Store chain of custody information as records


Ensure that content is not accessed by unauthorized parties

Cross border controls

Cross content controls exist

REQUIREMENTS: Data Integrity • Retention • Legal holds • Chain of





The scale of a data lake changes everything.

Manage by sets, not by object

Create homogenous pools of anonymous information

STRATEGY:

Mask

Metadata

Abstract Build sets of homogonous information




Audit controls at two levels: – Management and policy

functions- protect against improper changes to the system

– Access and use of the information

REQUIREMENTS:




Management controls – enforced at application layer

Access – enforced at storage layer

STRATEGY:


eMail Archiving, Analytics & eDiscovery case study

Transformation with Control

Top 5 Global Bank CASE STUDY

• Massive data migration (>10 PB globally)

• Bring in analytics capabilities

• Improve support, compliance, reliability while reducing costs

• End regulatory and legal fines for late data responses

500 emails per second per region

2-3 PB archived in a year

CHALLENGE

The bank was looking to replace a costly, ineffective vendor in their largest region and mature their existing solution in three others

• Analytics for metadata enrichment, DL parsing, and deduplication

• Compliant global archiving • Full eDiscovery ECA

SOLUTION

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InfoArchive Sessions Wed Nov 2nd Room H1

0830 hrs. Accelerate your Digital Transformation Journey with InfoArchive

0930 hrs. InfoArchive: A Customers Journey

1045 hrs. InfoArchive as Part of your Digital Transformation and “Move to the Cloud” Journey - Atos

1145 hrs. InfoArchive “Deep Dive”

1345 hrs. Get Your Documentum, SAP, SharePoint Data Under Control

Hackathon - Configuration

1445 hrs. Digital Transformation Journey of Sanofi

1615 hrs. Sneak Peek: Future InfoArchive Functionality

Hackathon – Docker

Thur Nov 3rd Room H3

0900 hrs. Financial Services: Regulations and Compliance with InfoArchive

1000 hrs. InfoArchive: Ensuring Big Data Compliance and Reducing Risk with Real Time Analytics

33 © Copyright 2016 Dell . All rights reserved. © Copyright 2016 Dell . All rights reserved.

InfoArchive Technical (Room J)

Tue Nov 1st 0900 hrs. Hands On Lab 1515 hrs. Hackathon Wed Nov 2nd 1345 hrs. Hackathon 1615 hrs. Hackathon: InfoArchive @ Docker

Hands On Lab Thur Nov 3rd 0900 hrs. Hackathon 1100 hrs. Hands On Lab


THANK YOU, GRACIAS, GRÀCIES

© copyright 2016 dell . all rights reserved. 1 · top 5 global bank . case study • massive data...

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