How a US Bank Strengthened Backup Processes and Enhanced Compliance with Skylar Compliance

Network availability and security is non-negotiable for financial institutions, where any disruption to trading caused by network related issues can cause significant losses in a very short period of time. Financial organizations are also some of the most highly regulated businesses in the world, with the need for safeguarding sensitive financial data against potential threats such as cyberattacks, hardware failures, or human errors. A robust backup system ensures that critical information can be quickly restored with minimal downtime, protecting the bank’s operations and reputation.

Faced with inconsistent backup methods and time-consuming compliance audits for over 1,000 security and network devices, a leading US investment bank turned to Skylar Compliance (formerly Restorepoint) for a centralized solution. With its network hosting a complex array of trading and financial applications, ensuring operational continuity and compliance with regulatory requirements is paramount. Any network disruption could result in significant financial and reputational risks. Fragmented processes and lack of centralization hampered their capacity to ensure reliability and prepare for audits effectively. Relying on manual methods, custom scripts, and outdated tools like SolarWinds NCM led to incomplete backups, lengthy recovery times, and compliance inefficiencies.

To address the bank’s challenges, Skylar Compliance was implemented as a centralized, automated platform for backups and compliance management. This solution effectively streamlined processes, improved security, and enhanced operational efficiency.

Centralizing Backups: Skylar Compliance automated the backup process for over 1,000 enterprise devices using vendor-recommended methods to ensure complete and verifiable configurations.

Automating Compliance Audits: Instead of static quarterly reports, Skylar Compliance flagged compliance violations nightly, offering proactive insights. A centralized dashboard provided real-time compliance scores and linked violations directly to device owners.

Enhanced Recovery and Disaster Preparedness: Skylar Compliance’s change detection engine monitored configuration updates in real-time, enabling faster responses to misconfigurations and providing a detailed version history. One-click rollback options dramatically reduced service interruptions during outages.

By adopting Skylar Compliance, this investment bank eliminated inefficiencies in its backup and compliance processes into efficient, automated workflows, significantly reducing operational risks and compliance costs. The results? A unified system that improved network recovery times, automated compliance checks, and boosted operational efficiency, reducing quarterly reporting time by 70%. Additionally, the bank achieved substantial cost savings by replacing manual processes, reducing operational expenses, and avoiding regulatory fines through automated compliance. These advancements have not only mitigated risk but also created the foundation for continuous scalability and regulatory adaptation.