9 of the top 10 global investment banks, 7 of
the top 10 asset management companies, and 5 of the top 10
insurance organizations rely on Pure Storage
MOUNTAIN
VIEW, Calif., Nov. 1, 2022
/PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT
pioneer that delivers the world's most advanced data storage
technology and services, today announced continued momentum within
the financial services industry as global banks, asset management
firms and financial technology organizations modernize and embrace
a digital-first approach.
The financial services industry is entrusted with massive
amounts of critical customer data. However, new technologies,
competition, regulations and evolving market demands are
challenging firms to modernize, leverage data as a valuable
strategic resource, or become irrelevant. Legacy storage is no
longer sufficient to sustain the diverse, data-hungry workloads
supporting the customer experience, real-time analytics, fraud
prevention, risk and compliance.
Pure Storage's industry-leading solutions and services meet
data-intensive demands while powering innovation with robust
all-flash storage solutions.
- FlashArray™: Pure Storage's FlashArray solves
application performance challenges with superior IOPS for use cases
such as high-frequency trading, performance-critical databases, and
always-on digital banking. FlashArray//XL™ enables
business-critical apps with 150µs latencies and 36 GB/sec of
throughput.
- FlashBlade®: FlashBlade provides
the performance, flexibility and scalability to support multiple,
disparate workloads concurrently for use cases such as AI for fraud
detection, portfolio risk, chatbots and regulatory reporting.
FlashBlade//S™ delivers double the performance, density, and
capacity of our previous FlashBlade, and enables up to 60 GB/sec of
throughput per chassis.
- Evergreen™: Pure Storage's Evergreen architecture
eliminates risky, time-consuming upgrades, data migrations, or
expensive leases, while its Evergreen Subscriptions -
Evergreen//Forever, Evergreen//Flex, and Evergreen//One - offer
financial firms financial and operational agility and continuous
innovation, with choices ranging from traditional ownership to
Storage as-a-Service with SLA guarantees. Ninety seven percent of
Pure Storage arrays over five years old are still in service via
Evergreen modernization.
To date, 9 of the top 10 global investment banks, 7 of the top
10 asset management companies, and 5 of the top 10 insurance
organizations rely on Pure Storage to improve data performance,
reduce TCO, and achieve greater agility while reducing downtime,
ultimately driving an elevated customer experience. As a result,
Pure Storage's Financial Services business reached an all-time high
last year, growing more than 30 percent year-over-year in
FY'22.
"As a financial organization operating more than 150 branches
and 1,200 ATMs throughout Texas,
IT and storage infrastructure continue to play a critical role in
Frost Bank's success. At Frost, virtually every application is
running on Pure Storage FlashArray, enabling maximum uptime and
faster backups. The single biggest factor in our decision to
leverage Pure was its Evergreen Storage model. With the Evergreen
model, we're able to easily avoid complex, risky and expensive
forklift upgrades and data migrations, which would typically take
place every three to five years." – David Coindreau, Manager of Server and Storage
Services, Frost Bank
"At Admiral, data is the core of our business operations. The
ability to process and analyze data at speed underpins everything
from the initial customer contact to the claims process and pricing
on aggregator websites. Pure Storage has been a critical business
enabler for us through FlashArray, FlashBlade, Pure1 and
Evergreen//Forever™. With FlashArray//X™, insurance rate change
calculations are 98% faster, giving customers the best pricing and
improving our chance of listing in the top 10 on aggregation sites.
With FlashBlade, we've reduced the time it takes to complete
backups from 30 hours to less than 40 minutes. Lastly, Pure's
Evergreen//Forever subscription has allowed us to save more than
50% on traditional forklift upgrades." – Chris Bevan, Head of Platform Services, Admiral
Group
"After challenges with sluggish, legacy storage systems that
were complex to manage and expensive to scale, we've been running a
reliable, fast, and easy to use storage environment with Pure
Storage for several years now. We recently upgraded our original
Pure Storage system with no downtime. With faster speeds and less
frustration than our legacy storage systems, Pure enables us to
spend more time on projects that truly move the needle and drive a
competitive advantage in the finance market." – Darren Wiseman, IT Manager at Toyota Finance New
Zealand
"Česká spořitelna has traditionally operated under a very
complex IT environment. As data plays an increasingly critical role
in the development and rollout of new financial products and
services for us, we selected Pure Storage to help us simplify
storage infrastructure to serve as the backbone for future
innovation and scale. By migrating to Pure's FlashArray//X and
leveraging the AI-driven Pure1®, we have reduced the
amount of effort and maintenance involved in storage management by
approximately 30%, while reducing power consumption by 20% by only
using half of our original data center space." – Milan Novák,
Infrastructure, Platform, and Cloud Services Lead, Česká
Spořitelna
To learn more about Pure Storage solutions for the financial
services sector, visit
purestorage.com/solutions/industries/financial-services.html
About Pure Storage
Pure Storage (NYSE: PSTG) uncomplicates data storage, forever.
Pure delivers a cloud experience that empowers every organization
to get the most from their data while reducing the complexity and
expense of managing the infrastructure behind it. Pure's commitment
to providing true storage as-a-service gives customers the agility
to meet changing data needs at speed and scale, whether they are
deploying traditional workloads, modern
applications, containers, or more. Pure believes it can make a
significant impact in reducing data center emissions worldwide
through its environmental sustainability efforts, including
designing products and solutions that enable customers to reduce
their carbon and energy footprint. And with a certified customer
satisfaction score in the top one percent of B2B companies, Pure's
ever-expanding list of customers are among the happiest in the
world. For more information, visit www.purestorage.com.
Pure Storage, the Pure Storage P Logo, Pure1, Evergreen,
Evergreen//One, Evergreen//Forever, Evergreen//Flex, FlashArray,
FlashArray//X, FlashArray//XL, FlashBlade, and FlashBlade//S, are
trademarks or registered trademarks of Pure Storage Inc. in the
U.S. and/or other countries. The Pure Storage Inc. Trademark List
can be found at
www.purestorage.com/legal/productenduserinfo.html.
Analyst Recognition:
Leader in the 2022 Gartner Magic
Quadrant for Primary Storage
Leader in the 2022 Gartner Magic Quadrant for Distributed File
Systems & Object Storage
Top 10 lists discussed above as determined by information
provided by SalesForce.com.
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SOURCE Pure Storage