The UK's financial sector significantly contributes to the country's economy, accounting for approximately 20% of GDP and employing around 2 million people. It is a diverse industry with many businesses, including banks, insurance companies, investment firms, asset managers, Fintech and hedge funds.
Overview
The UK's financial sector faces many networking challenges due to technology being responsible for information of high importance and sensitive nature. This makes the sector a prime target for cybercrime. As technology advances, new risks emerge; hence, rules and security must advance, too. It is critical networks are secure, dependable, and efficient.
Challenges
The UK’s financial sector faces many challenges, foremost being a prime target for cybercrime.
The financial sector requires network solutions that take into account the following considerations, which DrayTek is well-versed in:
Cyber-attacks
Networks must be secured following best practices, firewalls must be implemented, and software must be updated. .
Potential scalability
Must handle high traffic volumes and demanding applications, which can be achieved using high-bandwidth links and high-performance devices.
Dependability
A small amount of downtime can significantly impact businesses. This necessitates the use of redundant devices and the implementation of a disaster recovery plan.
Regulation compliance
DrayTek products comply with various regulations.
Opportunity
DrayTek is an asset to any UK business in the financial sector. Due to their reliable and secure networking solutions that perfectly fit this sector.
With DrayTek solutions:
Protection against potential threats with various security features such as firewall, VPN and intrusion detection.
DrayTek is Prepared for the increasing demand for secure Wi-Fi and VPN access with the rise of cloud computing and mobile devices.
Support for scalability while avoiding costly network upgrades while accommodating growth needs regarding bandwidth and applications.
DrayTek solution to these challenges
DrayTek aims to help businesses overcome their networking challenges by offering solutions designed to enhance performance, reliability, and security, all while being user-friendly and easy to manage.
Being a proudly secure network solution provider for the UK financial industry, DrayTek’s diverse range of solutions cater to the needs of this industry.
PCI
For this specific sector, DrayTek recognises the emphasis on security and the requirements to comply with regulations. PCI DSS (Payment card industry & Data security standard), Credit card security compliance for routers, ensures products in use are up to suitable standards.
DrayTek’s vast experience and knowledge base can be used to acquire expert advice and guidance.
Broadband Failover
Secure and consistent internet connection is key in maintaining a steady workflow and supporting efforts to provide services considered trustworthy. Investing in broadband failover ensures reliability in everyday operations and manages to avoid downtime.
Not only this, but DrayTek products have innovative methods regarding load balancing, improving efficiency.
By utilising these DrayTek solutions, the financial industry can secure their networks, comply with regulations, and quickly scale them while maintaining reliable and high-performing connections.
