Xtiva Vault Deep Storage Service for Long-term Data Retention Compliant With Major Regulatory Regimes

Xtiva Financial Systems, Inc. announced its Xtiva Vault deep storage service for long-term data retention compliant with major regulatory regimes.

“Vault is a terrific companion to our Incentive Compensation services for those customers who want to a long-term, immutale duplicate electronic storage option” said Rob Kenig, VP, infrastructure and CISO, Xtiva. “Regulators are no longer tolerating insufficient backup and data protection by members’ firms. The fines for poor compliance are hitting seven digits.“

Xtiva Vault gives firms a low cost, online, immutable storage option to protect books and records data, records related to legal matter and life-of-relationship records. With immutable time lock (regulatory) and double lock (legal custody) options, an automated data deposit function and full transparency into record integrity, it is secure, easy to use and satisfies the requirements of records retention regulations such as SEC Rule 17a-4 and CFTC 1.31(b).

“We built Xtiva Vault because our customers care about the integrity of their businesses,” explained Jeff Marsden, chief product officer, Xtiva . “Xtiva Vault means less business risk and happy regulators, and we think our customers will appreciate that.”