Pure Storage helps financial services firms harness the power of data

Pure Storage has announced continued momentum within the financial services industry as global banks, asset management firms and financial technology organizations modernize and embrace a digital-first approach.

Pure Storage’s industry-leading solutions and services meet data-intensive demands while powering innovation with robust all-flash storage solutions –

· FlashArray: Pure Storage’s FlashArray solves application performance challenges with superior IOPS for use cases such as high-frequency trading, performance-critical databases, and always-on digital banking. FlashArray//XL enables business-critical apps with 150µs latencies and 36 GB/sec of throughput.

· FlashBlade: FlashBlade provides the performance, flexibility and scalability to support multiple, disparate workloads concurrently for use cases such as AI for fraud detection, portfolio risk, chatbots and regulatory reporting. FlashBlade//S delivers double the performance, density, and capacity of our previous FlashBlade, and enables up to 60 GB/sec of throughput per chassis.

· Evergreen: Pure Storage's Evergreen architecture eliminates risky, time-consuming upgrades, data migrations, or expensive leases, while its Evergreen Subscriptions - Evergreen//Forever, Evergreen//Flex, and Evergreen//One - offer financial firms financial and operational agility and continuous innovation, with choices ranging from traditional ownership to Storage as-a-Service with SLA guarantees. Ninety seven percent of Pure Storage arrays over five years old are still in service via Evergreen modernization.

To date, 9 of the top 10 global investment banks, 7 of the top 10 asset management companies, and 5 of the top 10 insurance organizations rely on Pure Storage to improve data performance, reduce TCO, and achieve greater agility while reducing downtime, ultimately driving an elevated customer experience. As a result, Pure Storage’s Financial Services business reached an all-time high last year, growing more than 30 percent year-over-year in FY’22.

"As a financial organization operating more than 150 branches and 1,200 ATMs throughout Texas, IT and storage infrastructure continue to play a critical role in Frost Bank’s success. At Frost, virtually every application is running on Pure Storage FlashArray, enabling maximum uptime and faster backups. The single biggest factor in our decision to leverage Pure was its Evergreen Storage model. With the Evergreen model, we're able to easily avoid complex, risky and expensive forklift upgrades and data migrations, which would typically take place every three to five years,” David Coindreau, Manager of Server and Storage Services, Frost Bank.