Transforming Banking with SD-WAN
At the eighth edition of the? India Mobile Congress(IMC), delegates from across the globe explored, shared, and planned forward-thinking telecom and ICT technology strategies.
While Industry 4.0 was a core topic of discussion, technologies like Internet of Things (IoT), Artificial Intelligence (AI), and data analytics were also mentioned in almost every discussion. Approaches like SD-WAN also garnered widespread attention and interest. Seen as a revolutionary enhancement in the field of networking, especially in light of recent telecom advances, SD-WAN enables a transformative shift from traditional MPLS networks to internet-based connectivity, yielding remarkable results.
Read on as we demonstrate the network challenges facing BFSI customers and how Vi Business’ hybrid SD-WAN solution with AI-powered secure connectivity is transforming the banking industry.?
The Connectivity Challenges of the BFSI Industry
Service availability and network security are critical for enterprise customers, especially in BFSI. With banking apps becoming more cloud-oriented and internet-facing, reliable, resilient, and secure connectivity is vital, especially with the rapid expansion of branches nationwide.
Since most BSFI enterprises are already on their journey to the cloud, and use the technology for payments, communication, customer service, and more, this widespread adoption of cloud and associated technologies has made networks more complex.
Moving from a traditional hub-and-spoke model to a hybrid model, enterprises face multiple issues, such as manual and complex configurations, a?lack of performance and application awareness in the network, and limited visibility and analytics.
Evaluating the Benefits of SD-WAN
Software-Defined Wide Area Network, or SD-WAN, allows businesses to witness an impressive 80% surge in bandwidth efficiency, a?98% reduction in failover time, and an 85% enhancement in overall network performance. The technology, offered as a virtual service, enables banking and other organisations to securely connect users, applications, and data across multiple sites for improved performance, reliability, and scalability. Source:www.virginmediabusiness.co.uk
Using a centralised control plane to route traffic, SD-WAN enables efficient management of WANs and provides end-to-end visibility over the entire network. By decoupling networking hardware from the control plane, SD-WAN allows for a much-needed transition from a legacy, hardware-centric approach to an?adaptable, intelligent, efficient, and cost-effective approach to networking. ?
Here's looking at the top benefits of SD-WAN:
领英推荐
Let’s understand how Vi Business SD-WAN improves processes, in banking use cases
As businesses continue to expand their digital footprint, reliable and secure SD-WAN solutions are critical. Traditional Wide Area Networks (WANs) are often complex and inflexible, limiting a company's ability to scale and adapt to changing business needs.
Vi Business Hybrid SD-WAN is a unique proposition designed to address the networking needs of modern enterprises. It enables banking organisations to connect their branch offices and remote workers securely and efficiently, while ensuring high availability and security. Banks and other financial institutions can efficiently run their applications on multi-connected networks using Vi Business Hybrid SD-WAN?with minimal downtime.
With our Vi Business Hybrid SD-WAN technology, banks can simplify their network infrastructure, optimise network performance, and enhance their security posture while reducing their total cost of ownership.
A multi-tenanted core infrastructure, hosted in a highly secure Vi network?and managed 24x7 with 99.99% availability, makes this the perfect solution for unique networking needs. At IMC 2024, we showcased Vi Business Hybrid SD-WAN capabilities via two use cases:
1.??Multi-transport: Using fiber and connectivity at the branch with active-active link utilisation and auto-failover, Vi Business Hybrid SD-WAN’s platform intelligently distributes network traffic across multiple connections to ensure optimal utilisation and performance.
2.??AI-based Security: A Core banking web application & CCTV streaming were created on two branches. Branch A was running SD-WAN without security while Branch B was with AI-powered Security. Real-time cyber-attack was initiated on both the branches. On Branch A, both Applications-core banking & CCTV monitoring got disrupted. The stats for the branch also showed high incoming traffic. Branch B continued to work seamlessly as the AI Security Engine detected and created an automated policy to mitigate the attack – far quicker and more accurate than manually creating a remediation policy.
As technology innovations pick up pace, events like IMC accurately indicate how quickly the world of technology is progressing, and the contribution that countries like India make in crafting a tech-enabled future. Jointly organised by the Department of Telecommunications (DoT), the Government of?India,?and the Cellular Operators Association of?India?(COAI), the four-day forum-cum-exhibition saw over 1.75 lakh participants and engagement from over 123 countries under the theme of?"The Future, is Now."?
Vi Business is committed to shaping this digital future by developing cutting-edge technology solutions like Vi Business Hybrid SD-WAN and empowering businesses to drive excellence.
To begin revolutionising your banking networks today, speak to our experts.?