SD-WAN for Retail Banking
As with many other market segments, competition in the retail banking sector is tightening, due not only to competition between stronger retail banks, but also against an ever growing online banking sector. All this has caused bank branch margins to be reduced, but at the same time these branches have had to remain focused on a high level of security, quality and realiability in all their operations, including all those related to telecommunications.
All these changes need to be tackled and solved bearing in mind that any movement of communication networks and systems, other than the private bank circuits, must be able to offer extreme high levels of security, quality and reliability. The bank and their clients would not accept anything less, because any network downtime means money.
That is why the solution to the above challenges, is be.SDx, the SD-WAN from Teldat.
Firstly, using the Teldat “Manager”, allows the bank to use broadband internet lines and apply a totally independent overlay which is highly secure, to transport all data. This increases immensely the amount of bandwidth that bank branches have, at a fraction of the price of traditional private circuit lines, such as MPLS lines. Hence be.SDx “Manager” directly solves the problem of using applications that require a much broader band such as video conferencing, webinars, etc.
Teldat SD-WAN data devices or edge devices are obviously not new at all to Teldat. As Teldat has been a manufacturer of bank branch CPE’s for over 30 years, the Teldat edge devices such as the Teldat-iM8 are of the highest quality in the market and blend perfectly in with the rest of Teldat’s SD-WAN solution. The edge devices can be installed in minutes without the presence of IT personnel at the branch. A huge control in costs for retail banks.
be.SDx puts no limits to the number of data centers that a branch is connected to. Hence it immediately eliminates the issue that traditional bank communication networks have of needing to backhaul cloud application traffic through the private network and data center. This reduces costs, decreases latency, and increase the efficiency of retail banks’ communication networks, which are increasingly using cloud applications.
Teldat has a long experience of over 30 years working with the retail banking sector. Teldat understands perfectly the challenges that face this market segment and how SD-WAN can be used to solve their current challenges, whilst maintaining the high level of security, quality and realiability that Teldat has always offered its banking clients.
be.SDx can be deployed by Teldat in a customized format, so that only the SD-WAN features that each retail banking company requires are incorporated. Apart from the cost perspective, it allows the bank to have total control and obviously even use a hybrid network structure, so that private circuits remain if professed, for specific traffic that the bank wants to pin to the private network.
Making the Net Work
For more information about our SD-WAN solution simply contact us.
Our team of specialists will respond immediately.