Two new Oklahoma clients chose BankOnIT not only for a unique solution, but a better solution, to their information technology support needs.These new clients chose BankOnIT not only for a unique solution, but a better solution, to their information technology support needs.

Banks from Illinois to Texas are enjoying their summers knowing their information technology is being managed in a way that provides secure and reliable results.

During July, four new banks signed up for BankOnIT’s Bankers Private Cloud® service. Each new client had reasons unique to its bank for choosing BankOnIT, but all of these new clients shared a common goal. They wanted a technology partner who could help their bank spend less time on IT while getting better results in today’s constantly changing technology landscape. BankOnIT’s Bankers Private Cloud® does just that.

482. That’s the number of tasks related to IT documentation that a typical financial institution needs to address in a calendar year.

That’s why BankOnIT has released FinITO™, your virtual Financial Institution Information Technology Officer. FinITO™ was created with your institution’s Board, IT Committee and IT Officer in mind. It helps identify, track, report and manage 482 information technology related compliance tasks your financial institution is responsible for completing to satisfy regulatory compliance demands.

FFIEC Release - Update to Cybersecurity Assessment Tool

Overview:
The FFIEC released an update to the Cybersecurity Assessment Tool (Assessment) on May 31, 2017. This update aligns the Assessment with prior changes the FFIEC made to its IT Examination Handbook by providing a revised mapping in Appendix A of the Assessment that matches updates made by the FFIEC in 2016 to the Information Security and Management booklet.

More bankers in Kansas have decided it is time for a change. In one month’s time, three Kansas banks selected BankOnIT’s Bankers Private Cloud® service to help them gain efficiencies, spend less time on IT and get better results than what they have previously been able to achieve.

IT and Compliance are More Challenging to Manage

The CEO of Prosperity Bank in Houston, David Zalman, stated in an SNL Daily Dose article that there may only be 500 banks within 25 years due to the increased burden smaller banks have in managing IT and compliance.

What if you never had to buy another server - ever again?

Imagine being able to grow, change and modify your bank’s computing needs at any time without worry of being tied to the historical limitations inherent in owning and running old-style servers. Did you know other bankers are already benefitting from these capabilities?

Serverless Computing allows you to do exactly that, and it’s a service in place today only for BankOnIT clients.

This Illinois bank came to BankOnIT because they needed a cost-effective, high-quality service to support its IT functions as they grow. BankOnIT allows banks to obtain IT as a service; providing enhanced security, better regulatory compliance and improved efficiency with infinite scalability to support the growth and strategic goals of the bank. BankOnIT was founded through the efforts of a group of bankers who saw a need to have information technology capabilities specifically designed to meet the needs of banks. This is what the bank’s Chairman had to say:

Bankers from Colorado, Kansas and Missouri recently chose BankOnIT’s Bankers Private Cloud® service to manage their information technology needs. This affords them more capabilities while being able to devote less time to IT.

BankOnIT has implemented a new service into its Banker’s Private Cloud® solution that allows technical issues to be addressed more accurately, more efficiently and with faster resolution times for client banks. These improved capabilities are only available through BankOnIT’s own virtual engineers.

The Bankers Private Cloud® Virtual Engineers utilize artificial intelligence (AI) decision support systems while simultaneously working alongside human engineers. The combination provides capabilities that are not possible with people or AI systems alone.