November 26, 2008
MORRISTOWN, N.J., Nov. 24 -- Banks, stock brokerages and investment houses have felt the impact of the global financial crisis, recognizing the immediate need to regain customer confidence. The current market volatility, numerous financial institution mergers and acquisitions, and the U.S. Treasury's $700 billion bailout program to rescue the financial services industry, underscore the immediate need for increased transparency and governance solutions.
DataMotion's IIT platform, an on-demand or on-site service offering, governs information transfer between disparate and often-asynchronous legacy systems for secure business communications and trustworthy collaboration. With the IIT platform, companies can move, track, filter, audit, manage and secure all sensitive information no matter what their existing systems may be.
"When the house is on fire, that's not the time to think about putting in smoke detectors," said Frank Kenney, research director at Gartner. "Financial institutions can wait no longer. They must make the move today from being reactive to proactive to ensure they have security, visibility and audit-ability -- in other words -- governance, and it must be baked into their messaging and workflow solutions."
DataMotion's IIT platform provides a simple and effective workflow solution that allows financial institutions to communicate securely with colleagues, business partners and customers -- with built-in compliance that ensures that all applicable government mandates are automatically and properly enforced regardless of what systems are in place.
DataMotion's IIT platform enables financial companies to:
"In this climate of intense scrutiny, competition, reduced margins, stringent regulations and increased consolidation in the industry, financial institutions need to close the gaps in their business communications," said Kelly Mackin, COO and president of DataMotion Inc.
"DataMotion provides an intelligent information transport system that can bridge disparate systems, improve service levels and build customer trust. And since our IIT service is offered as an on-demand service in the cloud, our customers are up and running in a matter of days. Companies going through M&A can send secure messages to their new colleagues and business partners, well before their internal email systems can be integrated. This is crucial in exchanging critical information needed to keep key customers and business partners satisfied during this time of financial volatility and market uncertainties."
About DataMotion Inc.
DataMotion Inc. enhances business communications by enabling companies to move, track, filter, audit, manage and secure sensitive information. DataMotion utilizes existing messaging infrastructures, middleware and applications to help companies work with colleagues, business partners and customers in a secure environment. DataMotion's Intelligent Information Transport (IIT) platform enables companies -- from the smallest business to the largest enterprise -- to communicate and work seamlessly and quickly with whomever they choose, regardless of processes, systems or data formats. DataMotion helps to make all business communications more streamlined, more secure and more successful. For more information, visit www.datamotion.com.
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