Case Study: Largest Wall Street Bank consolidates 10+ petabytes of data and migrates critical workflows to cloud with Panzura CloudFS

Largest Wall Street Bank unifies 10 petabytes of data with Panzura

A major wall street bank faced the challenge of managing over 10 petabytes of data and more than 2,800 custom applications with a complex and costly on-premises storage infrastructure that could not scale. They needed a solution to consolidate data islands, improve availability, control costs, and meet strict regulatory requirements, all while maintaining their existing workflows. The bank selected Panzura and its CloudFS global cloud file system to address these issues.

Panzura's solution consolidated the bank's data into a single authoritative source on a private cloud, eliminating data replication and islands. This provided local-feeling file performance, which was critical for their real-time applications and even allowed them to pick up additional wire transfer business during COVID shutdowns. Most significantly, Panzura enabled the bank to migrate all of their critical workflows and custom applications to the cloud without rewriting a single one, while also delivering FIPS 140-2 certified security and immutable data protection against threats like ransomware.