Managed File Transfers - A Critical Addition to Bank and Building Society Workflows

Jan. 26, 2011 - PRLog -- The need for security, versus easy file transfer can create a problem for companies with compliance and workflow, understanding the complex needs of customers and internal files. Managed File Transfer solves this –– bridging a crucial gap in retail banking needs and security.

Managed File Transfer (MFT) versus FTP
When FTP was introduced, there was a strong case for it – it facilitated transfers between two points with ease, without clogging up email or causing error problems in transmission – or at least, when there were errors, this was easy to resolve by uploading the files again.  But as FTP and transfer systems, and hack problems started to appear and increase, it became apparent that it was important to find a better solution, especially in areas where customer privacy is important.  

As recent security and data breaches and losses have shown, there is absolutely no public tolerance for these mistakes and that they are incredibly costly – not only in terms of trust, but in terms of physical cost.

MFT is the Solution.
•  It consolidates platforms, creating a unified system for your teams to work on – this results in lower training costs and easier maintenance.  

•  It will remove the need to use physical media to transport data, cutting down on human error, such as damage or accidental loss.  

•  It creates secure workflows, and the ability to track data access, for both compliance and internal needs.  


MFT serves many purposes, when handled professionally.  But it’s important to consult appropriately from the outset and ensure you’ve got your options appropriately planned and integrated.

Systems Integration and Compliance
MFT integrates with various platforms and there are various solutions tailored to most back end systems.  Installation and back end support will also ensure compliance from the outset, giving you and your users’ peace of mind.

One of the major reasons MFT is also ideal for most clients is that data is in a constant state of flux – this flux can mean that any files transferred or shared could be out of date already – having access even after transfer, via secure connection, to any data means that you can provide a valuable service to your end users and those you’re supplying data to.  This also serves most basic workflow problems – giving unrivalled control over the data that requires administering.

Compliance is often also a difficult area to deal with –essentially, it’s about making sure your customer is protecting data, per the Data Protection Act, but more than that, your clients have confidence that their confidential information (which could include the orders they’ve placed, or the services they require) is secure, no matter who has access to it.

HANDD Business Solutions are independent specialists providing Secure Managed File Transfer and Data Security solutions to a wide range of organisations operating across all industry sectors. HANDD provide file transfer solutions from leading MFT software vendors including Messageway, IPWSITCH File Transfer, GlobalSCAPE and BOOLE Server. For further information about secure managed file transfer and data exchanges please visit www.handd.co.uk or call HANDD Business Solutions on +44 (0) 845 643 4063.

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The UK’s leading independent provider for Managed File Transfer, FTP and Data Workflow Solutions. Our customers trust us to provide consultancy and professional services, technical support and software solutions from the leading File Transfer Vendors