{"id":532,"date":"2021-03-25T13:17:44","date_gmt":"2021-03-25T18:17:44","guid":{"rendered":"https:\/\/cmitsolutions.com\/rochester-ny-1109\/?p=532"},"modified":"2023-03-22T15:25:00","modified_gmt":"2023-03-22T20:25:00","slug":"managed-it-support-for-financial-services","status":"publish","type":"post","link":"https:\/\/cmitsolutions.com\/rochester-ny-1109\/blog\/managed-it-support-for-financial-services\/","title":{"rendered":"Managed IT Support for Financial Services"},"content":{"rendered":"<p>By Cheryl Nelan<\/p>\n<h2>Technology and The Financial Services Industry:<\/h2>\n<p>Technology is critical for the advancements in the <a class=\"blue\" href=\"https:\/\/cmitsolutions.com\/industries\/finance-and-insurance\/\">financial services industry<\/a>.\u00a0 Today, smart analytics are enabling financial services companies to mine the wealth of consumer data to understand and service their clients better.\u00a0 Of course, with advanced technology comes higher cyber security risks.\u00a0 Compliance regulations from bodies like FINRA and the SEC are working to set guidelines and requirements to protect private data.\u00a0 PCI DSS and New York State\u2019s Shield Act are designed to protect the consumers\u2019 private data that are housed in databases in most every business.<\/p>\n<h2>Cyber Security and Regulations<\/h2>\n<p>So, not surprising that the most common topic with our financial services clients is <a class=\"blue\" href=\"https:\/\/cmitsolutions.com\/it-services\/cybersecurity\/\">cyber security<\/a> and what they need to do to meet today\u2019s regulations.\u00a0 And, with COVID-19 driving many employees to work from home the threat landscape continues to evolve.\u00a0 Since March 2020 there have been increases across the board in advanced threats and malicious activity.\u00a0 <a class=\"blue\" href=\"https:\/\/www.finra.org\/rules-guidance\/notices\/20-16\">Regulatory Notice 20-16<\/a> from <a class=\"blue\" href=\"https:\/\/www.finra.org\">FINRA<\/a> explores the challenges of remote workers and provides some guidelines and advice \u2013 your Managed IT Services provider can help here as well.\u00a0 CMIT Solutions works with a number of financial services firms and helps them achieve the level of security their business needs \u2013 whether folks are working from the office or at home.\u00a0 Give us a call and we\u2019d love to learn more about your business to see how we might help.<\/p>\n<h2>24&#215;7 Business Continuity<\/h2>\n<h3>Keeping staff productive \u2013 all the time<\/h3>\n<p>IT support for financial services isn\u2019t just about securing data and keeping compliant \u2013 it is also about maintaining systems so they are running smoothly and users are working productively.\u00a0 This is where finding a strong <a class=\"blue\" href=\"https:\/\/cmitsolutions.com\/it-services\/managed-services\/\"><u>managed IT<\/u><\/a> services partner can make all the difference.\u00a0 Traditional break\/fix support might seem more economical but, essentially, you are paying to get something fixed when it breaks.\u00a0 That means there is downtime.\u00a0 A strong <a class=\"blue\" href=\"https:\/\/cmitsolutions.com\/rochester-ny-1109\/\">managed IT services provider<\/a> will work hard to make sure your systems don\u2019t break down in the first place.\u00a0 They take proactive measures so your systems are running when you need them \u2013 which of course is all the time.\u00a0 They also make sure your data is secure and work with you to develop a <a class=\"blue\" href=\"https:\/\/cmitsolutions.com\/it-services\/data-backup\/\"><u>backup and recovery<\/u><\/a> plan that works for you and your business.<\/p>\n<h2>What is included in managed IT support for financial services?<\/h2>\n<p>That depends on what your firm needs \u2013 but in most cases, it can include everything from the traditional application and infrastructure management to end user support and all things connected to your computer.\u00a0 Think of them as your <a href=\"https:\/\/cmitsolutions.com\/rochester-ny-1109\/about\/\">Outsourced IT team<\/a>.\u00a0 One call for support.\u00a0 A partner that helps you make critical decisions for your own IT infrastructure.\u00a0 <a class=\"blue\" href=\"https:\/\/cmitsolutions.com\/it-services\/it-guidance\/\">Virtual CIO<\/a> services help you assess your IT strategy and plan for the future.\u00a0 Will you move to cloud-based solutions or continue to manage an in-house server?\u00a0 How will that decision affect your bottom line?\u00a0 How about the users, how do you keep everyone as productive as they can be?\u00a0 What is new in the industry that you need to understand \u2013 what are the newest threats and how do you mitigate these risks?\u00a0 Your IT partner will have your back and protect you, your users and your data.<\/p>\n<h2>What is the difference between managed services and professional services?<\/h2>\n<p>The primary difference is the relationship.\u00a0 Managed service partnerships typically last for years.\u00a0 You choose a company you trust to help you not only with the immediate needs but to continue supporting your business under contract for years to come.\u00a0 They make sure systems work well from the day they are installed until they need to be replaced.\u00a0 They advise their clients on best practices and how to navigate through new security risks and regulations.\u00a0 Professional services may be included in a managed services contract but not the other way around.\u00a0 Professional services are generally project based and simply address a specific problem or challenge.\u00a0 Your managed service provider is there to help you through challenges and opportunities whenever they come up. \u00a0In fact, they most likely meet with you on a quarterly basis to review your current IT infrastructure and discuss the current IT landscape while working with you to build your IT strategy and budget. <em>(and if they don&#8217;t, they should)<\/em><\/p>\n<div class=\"footer_main\">\n<div class=\"footer_cmit\"><img decoding=\"async\" class=\" wp-image-306 alignleft\" src=\"https:\/\/cmitsolutions.com\/rochester-ny-1109\/wp-content\/uploads\/sites\/9\/2022\/09\/CMMIT-Solutions-Logo-300x150.png\" alt=\"CMIT Solutions Logo\" width=\"180\" height=\"90\" srcset=\"https:\/\/cmitsolutions.com\/rochester-ny-1109\/wp-content\/uploads\/sites\/9\/2022\/09\/CMMIT-Solutions-Logo-300x150.png 300w, https:\/\/cmitsolutions.com\/rochester-ny-1109\/wp-content\/uploads\/sites\/9\/2022\/09\/CMMIT-Solutions-Logo.png 600w\" sizes=\"(max-width: 180px) 100vw, 180px\" \/>In the Rochester area, CMIT Solutions provides local, responsive IT support and technology services for small to mid-sized businesses. As your IT partner, we ensure systems are running, your data is secure, and your staff is productive. Backed by a national system, we have over 200 locations across the country with local ownership in Rochester.<\/div>\n<div><\/div>\n<div class=\"footer_author\"><img decoding=\"async\" class=\" wp-image-589 alignleft\" src=\"https:\/\/cmitsolutions.com\/rochester-ny-1109\/wp-content\/uploads\/sites\/9\/2021\/12\/CherylNelanCMITSolutions-400px-300x300-1-300x300.jpeg\" alt=\"\" width=\"181\" height=\"181\" srcset=\"https:\/\/cmitsolutions.com\/rochester-ny-1109\/wp-content\/uploads\/sites\/9\/2021\/12\/CherylNelanCMITSolutions-400px-300x300-1.jpeg 300w, https:\/\/cmitsolutions.com\/rochester-ny-1109\/wp-content\/uploads\/sites\/9\/2021\/12\/CherylNelanCMITSolutions-400px-300x300-1-150x150.jpeg 150w\" sizes=\"(max-width: 181px) 100vw, 181px\" \/>Cheryl Nelan has over 25 years experience supporting small to mid sized businesses and helping them grow. In 2011, she started CMIT Solutions of Monroe to support businesses in the Rochester, NY area. She wanted to take her experience and leverage the strength of a national franchise to help local businesses leverage technology. Focusing on customer service and developing a culture where great people want to work has always been central to her mission. Today, CMIT Solutions of Monroe is one of the top CMIT franchises and the recipient of a number of local awards as well. She is proud of the team and loves working with our clients.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Cheryl Nelan Technology and The Financial Services Industry: Technology is critical&#8230;<\/p>\n","protected":false},"author":32,"featured_media":533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-it"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Managed IT support for financial services isn\u2019t just about securing data and keeping compliant \u2013 it is also about maintaining systems.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"cnelan\"\/>\n\t<link rel=\"canonical\" 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