What IT Services Should Your Bank Outsource

person on laptop utilizing it services for banks

You could already be outsourcing more than you realize—you might work with a cash management service or have someone take care of your payroll. And why do you outsource? Because you want to save your time for the things you do best!

Instead of using your time and resources on troubleshooting network issues or keeping up with compliance, an outsourced IT team will handle it all for you. Let’s cover the different services you can offload to an IT team and the benefits you’ll see from it.

How Will Your Business Change After Getting Outsourced IT Services for Banks?

You’ll be surprised how much time and energy little technology tasks can take up. When you use IT services for banks, you’ll see immediate and long-term changes in your day-to-day processes. Here’s what you might notice:

More time for important tasks: With an IT team taking care of your tech needs, you’ll be free to focus on activities that can help your bank grow.

Streamlined processes: An outside IT team will ensure everything in your network is running smoothly and efficiently with 24/7 monitoring.

Improved security: You’ll have better access control and a heightened level of cybersecurity with an IT team overseeing your bank’s security. They’ll also train your employees on everything they need so that they can be your best level of defense.

Access to more resources: With an outside IT team, you’ll have access to more resources—like enterprise-level security—than you could manage and afford on your own.

6 Jobs You Can Take Off Your Plate and Give to the IT Experts

Here are some of the IT services that we see banks in the US outsourcing:

Regulatory Compliance

The finance industry is one of the most highly regulated businesses out there. Staying compliant can be a full-time job, but you don’t have to worry about it when you outsource your IT needs.

Your IT provider will stay on top of all the security measures you need to have in place. They can even help you comply with regulations that will open up new business opportunities.

Cloud Solutions

The cloud has quickly become a non-negotiable in today’s market. It improves your collaboration, flexibility, and security—all things you need to stay competitive.

An IT provider can guide you through the cloud and make sure your solutions are always up-to-date. They’ll also ensure any data stored in the cloud is secure and accessible for everyone who needs it.

Cybersecurity

You know better than anyone that your data is always at risk. IT services for banks will give you access to advanced security that you can’t access on your own. As a third party, your IT provider can offer security tools that usually only large companies use but at a fraction of the price.

They’ll also have the manpower to monitor your systems 24/7 and act immediately when threats slip through the cracks.

Disaster Recovery Plans

When disaster strikes, you need to be prepared. IT services for banks include help with a written plan in case of emergencies and providing the tools necessary to keep your data backed up regularly.

Your IT provider will also create a checklist of processes that should be carried out in the event of an emergency—keeping everyone on-task, calm, and organized during a crisis.

Backup and Business Continuity

You don’t have a business without your data—that’s why backup and business continuity are crucial in the financial sector.

Your IT provider will offer a comprehensive strategy that will keep your data safe, backed up, and secure from any threats. They can also provide you with cloud-based services to help keep your operations running even if something happens to your physical location.

Employee Security Awareness Training

Employees should be your best line of defense when it comes to cybersecurity. But they need the proper training and education for that to happen.

Your IT provider can take over employee security awareness training and equip your staff with the tools they need to stay vigilant and protected online. They’ll also provide ongoing support so everyone is up-to-date on the latest best practices.

Should You Outsource? 5 Questions to Find Out

Still unsure about whether you need IT services for banks? Work through these five questions and they should help you decide.

  1. Do you have enough in-house resources to manage your IT?
  2. Are you prepared to come back after a data breach, natural disaster, or other threats?
  3. Are you keeping up with compliance regulations?
  4. Does your current technology feel like an active part of your growth as a company?
  5. Are your employees educated on the latest security practices?

If you answered “no” to any of these questions, then outsourcing IT services for banks is worth considering. It might just be the key to keeping your financial institution secure and competitive. Put it at the top of your list and see what improvements an IT provider can bring!

Partner With the Community Bank Security Experts—RESULTS Technology

You need a better way to keep your customers safe and our team can help. With RESULTS Technology, you’ll have access to experienced technicians, enterprise-level security, and 24/7 monitoring.

We’ll make sure you’re secure, compliant, and up-to-date with the latest technology. And because we’ve been in the banking industry for decades, we know what your business needs from an IT provider.

Schedule a free assessment to see how we can improve your cybersecurity and what that will do for your business!