SOURCE: RainStor

May 10, 2013 07:30 ET

Dell and RainStor Team Up for Webcast on Big Data in Banking

The Event Will Highlight Best Practices for Addressing Infrastructure Challenges at Large Financial Institutions Involved in Massive Data Analytics and Archiving Projects

SAN FRANCISCO, CA--(Marketwired - May 10, 2013) - RainStor, provider of the world's most efficient enterprise database for managing and analyzing all historical data, will host a webinar on Tuesday, May 14th at 11 AM Pacific, titled, "Banking on Big Data? Reduce Risk, Stay Compliant and Reduce Cost." The event will feature a discussion of best practices for a new era in analytics from Sarah Gates, VP of research at the International Institute for Analytics (IIA), followed by a technology presentation by Remi Bello, Senior Consultant, Marketing Strategy & Analytics at Dell and Ramon Chen, VP of Product Management at RainStor. Dell partners with RainStor offering a unified big data software and storage platform for customers who need to retain large volumes of structured and semi-structured data sets at a much lower cost per terabyte.

"Banks have long been considered innovators when using data analytics to tackle numerous business challenges such as risk management, price discovery and fraud detection," says Bello. "Yet today, the volume of data is much bigger and more diverse than ever before. At the same time, regulatory demands for banks have become much more stringent and storage requirements have increased as growth rates continue to increase and the business wants to keep data for longer periods of time." This complexity, he says, has necessitated new approaches and technologies for Big Data infrastructure.

"Banks continue to struggle to provide fast access to their growing stores of historical data for better intelligence and at the same time keep auditors happy," says Ramon Chen at RainStor. "Yet the cost of managing and growing the underlying infrastructure is no longer sustainable. Through our partnership with Dell, we are bringing to market the most cost-effective solution to enable banks to not only stay compliant but to help make sound business decisions around the rich source of market and operational data."

Registration for the free online event is available at this page.

About Dell

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About RainStor

RainStor provides the world's most efficient database that reduces the cost, complexity and compliance risk of managing enterprise data. RainStor's patented technology enables customers to cut infrastructure costs by 90%. RainStor scales anywhere; on-premise or in the cloud and natively on Hadoop. Among RainStor's 150+ customers are the top 20 world's largest communications providers, top 10 biggest banks and financial services organizations using RainStor to manage historical data, while saving millions. For more info: or join the conversation: @rainstor.

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