Consumers and businesses turn to credit unions for the personalized attention they offer. But at…
What can your credit union gain from a failsafe SD-WAN?
Credit unions have maintained relevance and competitiveness in the fiercely competitive finance industry in large part by staying on the technological cutting-edge. From phone-based home banking to online and mobile experiences, financial institutions have continually found new avenues for reaching customers by harnessing the power of their technical investments.
With network connectivity being the backbone underlying all of these efforts, it's no surprise that credit unions and banks have been among the biggest early adopters of SD-WAN technology. SD-WAN providers help them achieve predictable application performance as well as accelerate branch office modernization. A failsafe SD-WAN, like one from Talari Networks, goes even further by combining MPLS-class high availability and high, predictable Quality of Experience (QoE) for applications, no matter the WAN connections being used.
The SD-WAN solution difference for credit unions
Not all SD-WANs are created equal. The unique failsafe technology at the heart of a Talari SD-WAN is instrumental in meeting the requirements of today's credit unions, including:
Integration with existing WAN infrastructure
To support the growing array of amenities they offer – not just ATMs and card services, but also mobile transactions, branch automation and much more – and do so in a cost-effective manner, credit unions often rely on a mix of different transport options, including MPLS, satellite, wireless and internet links.
When implementing a failsafe SD-WAN, a credit union can deploy it as a hybrid setup combining, for instance, MPLS with Internet connections. This ability to incorporate existing links into a new SD-WAN solution is especially important, as a 2017 IDC survey of enterprises found that integration with current WAN architectures was one of their top four migration concerns.
Compatibility with both real-time and TCP applications
Real-time applications like VoIP and videoconferencing are increasingly popular in credit unions. For example, VoIP offers advanced features like call jump, simultaneous ring and voice-to-text that make it ideal for fast-paced support and sales environments.
Failsafe SD-WAN tech is the best solution for ensuring that VoIP and other demanding apps perform as expected as enterprises move beyond MPLS-only WANs. At the same, regular TCP apps also benefit from the intelligence, automation and security of an SD-WAN platform, leading to greater application performance predictability and uptime across the organization.
Support for a flexible branch office strategy
Branches are integral to credit unions, yet they've historically operated under significant constraints. Traditional MPLS-based WANs might require months of ramp-up before a new branch is connected, plus there are the expenses of implementation, bandwidth and upkeep. Remote and rural branches have also been disadvantaged due to the high cost of dedicated private bandwidth, and the difficulty of sending technical teams to these sites.
Once a failsafe SD-WAN is up and running, new branch connectivity and configurations can be rolled out much more quickly than before. Plus, credit unions can be confident that a single link outage won't leave the entire branch high and dry – the failsafe SD-WAN seamlessly directs traffic flows while fully utilizing available bandwidth from all link types.
Categories: Business Agility