UCaaS You Can Bank On
Most businesses today recognize the enormous benefits associated with migrating to the cloud, but many financial services companies are still holding back because increasingly strict government regulations require them to employ greater security measures that safeguard customer data.
Now with Collab9, the first and only Unified Communications as a Service (UCaaS) provider authorized by the Federal Risk and Authorization Management Program (FedRAMP), banks and other financial institutions can move confidently into the cloud knowing they meet regulatory requirements.
How collab9’s UCaaS Solution Can Help
Collab9’s the first and America's First FedRAMP Authorized UCaaS Provider, which means that it adheres to security standards authorized by a government-wide program that supports U.S mandate compliance with the Federal Information Security Management Act of 2002 (FISMA).
Because it adheres to some of the most stringent requirements, FedRAMP can be used as a baseline for security assessment and risk management, and can be translated to other security frameworks. Banks and financial organizations can reap the benefits, including financial and time savings, without compromising security.
Collab9 is a Cisco-powered secure hosted collaboration solution that can help banks and financial organizations unify their communications platform. It offers features including:
- Unified messaging that integrates voicemail and email
- Video calling
- Mobility, IM, and presence
- Microsoft Office 365, Skype for Business, and Gmail Integration
- Emergency 911 functionality
Users of banking services require a consistent experience across devices. Banks need to be able integrate for a consistent experience across applications and devices. In particular, with collab9’s secure hosted UCaaS, voice, IM, presence, audio/video/web conferencing and customer platforms apps work in sync to help drive more efficient communication.
Banks and financial institutions can gain financial savings by migrating their communications to the cloud. These companies can also see a reduction of traditional capital expenditure for required phone infrastructure, maintenance and upgrades. The migration away from an obsolete or aging collaboration system can also help banks save on labor costs of administrators who need to work on running on-premise systems.
Banks and financial organizations that are still running legacy software and an old PBX infrastructure should understand the limitations. Banks running communications on-premises have surely dealt with a number of headaches and unnecessary complications. An older PBX infrastructure can be susceptible to internal and external risk. In the event of a disaster, banks need to be able to connect with customers, and their employees need to be able to collaborate in order to meet deadlines. A reliable infrastructure, like collab9, can ensure daily business operations can continue.
Security That Meet Regulatory Requirements
Collab9’s Cisco-Powered secure UCaaS solution meets regulatory requirements. All banks and financial organizations or agencies rely on a secure way to share sensitive and confidential data such as cash flow statements, or bank statements. Banks have commonly participated in traditional methods of sharing data, including through email and with USB drives, which are risky and susceptible to security breaches. This outdated form of data transfer violates SEC regulations. Instead, opt for a cloud first UCaaS initiative.
Collab9’s data center infrastructure was built to meet the rigorous NIST 800-53 standards, specifically for federal, state, and local governments. With this government specific accreditation, collab9’s solution meets the large scale regulations needed by banks.
To learn more about collab9’s stringent security concerns, visit our FedRAMP page. If you think collab9 is a fitting match for your bank or financial organization, request a quote, view pricing, or request information.