
Financial services
Banking
Accelerate your digital transformation. Enhance compliance and gain efficiencies in financial services. Ensure that client information and your organisation stay protected.
View Our SolutionsAdvancing digital transformation for Australian banks
Banks are facing the challenges of digital transformation in their industry and are working to implement a strategy to digitise paper-based processes.
Today, most banks operate in a hybrid environment of paper and electronic information, and this means time is wasted searching for and processing documents. As we move toward the paperless bank branch, new customer records, operational records, and legacy records will be digitised for greater accessibility, efficiency, and compliance.
Iron Mountain’s proven expertise and tailored solutions make us the ideal partner for banks and financial institutions embarking on their digital transformation journey. We specialise in streamlining document management processes, ensuring compliance with regulatory requirements, and enhancing overall operational efficiency. By leveraging our proprietary technologies and industry knowledge, we have a proven track record of helping financial institutions reduce costs, improve customer experiences, and stay competitive in a rapidly evolving market.
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View More ResourcesBanking solutions use cases
Fraud Analytics
Capabilities: Iron Mountain quickly configured a solution to receive the previously imaged checks, capture the required metadata using both automation and manual techniques, and then fed that data back to the customer.
Value prop:
- Met required deadline and completed necessary analysis to inform their fraud system
- Leveraged the Iron Mountain solution for incident management and day-forward monitoring
Backfile imaging for improved access
Capabilities: Iron Mountain partnered with the customer to create and execute a holistic solution to back file highly active images and store, microform and deploy an image on demand solution for the less active files. A day forward plan was put in place for image capture and born digital documents to optimise business processing and enable employee access to information.
Value prop:
- Lowered operating expenses
- Reduced cycle times
- Greater control and visibility into processes
- Optimised spend with day-forward process
- Uniform indexing scheme to manage older documents
HR document inventory management
Capabilities: Iron Mountain created a centralised capture process to ingest Human Resources documents as they are received, validated those documents with the client’s HR database and provided an inventory of the document types along with other attributes to maintain replacement dates.
Value prop:
- Reduced duplicate and ghost files
- Reduced costs for processing incoming documentation
- Greater compliance with up to date paperwork for employees
Why choose Iron Mountain?
- 75%Reduction in money laundering case resolution times through the use of AI (Attivio)
- $270 billionYearly cost to banks of meeting compliance – nearly 10% of operating costs (International Banker)
- Big 4 BanksAll of the Big 4 banks, and many more, trust and work with Iron Mountain
- 2,500Financial services institutions use Iron Mountain’s solutions and services
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Paper may be putting your bank at risk—go paperless!
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Transforming your physical-to-digital mortgage process
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Iron Mountain KYC
Know Your Customer (KYC) authentication is critical for financial institutions to reduce financial crimes. But manually documenting and validating multiple customer identification papers is a considerable drain on resources
Iron Mountain InSight Improves Financial Services Organisations’ Information Management For Operational Efficiencies, Cost Savings, And Business Benefits
Iron Mountain InSight is an information management and content services platform that supports digital transformation and modernisation efforts at financial services organisations.
Our solutions to elevate your banking experience
Iron Cloud data management
Strategic cloud data management and secure data storage with a trusted partner
Iron Mountain Clean Start
Reduce risk, improve productivity, and enhance sustainability as you elevate your workplace
InSight Intelligent Document Processing
Digitise, store, automate, and unlock the power of your data through the power of automation
Document scanning and digital storage
Transform your business and centralise your information with digital scanning and storage
Intelligent Business Process Management
A managed service combining our people, processes, and technologies
