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Is Your Financial Data Secure? Why Legacy Database Systems Are No Longer Safe

In today’s rapidly evolving financial landscape, data is more than just a business asset—it is the foundation of security, compliance, and operational efficiency. Yet, a staggering 92% of the UK’s financial services firms continue to rely on legacy technology, according to a report by the Financial Conduct Authority (FCA). These outdated systems are costly to maintain, difficult to scale, and increasingly vulnerable to cyber threats.

This is where NCS emerges as a strategic technology partner, offering modern database solutions tailored to financial businesses in London and across the UK. With over two decades of industry experience, our expert team redefines database management, security, and modernisation, enabling financial institutions to meet their operational, compliance, and customer experience goals.

By partnering with NCS, financial institutions can transition from outdated systems to robust, scalable, and secure database infrastructures, ensuring they remain competitive and compliant in an increasingly digital world.

1. Database Security: Safeguarding Financial Data with Advanced Protection

The Problem:

Financial institutions are prime targets for cyber threats, including ransomware attacks, insider breaches, and database exploits. Legacy database security measures fail to provide the level of protection needed against today’s sophisticated cybercriminals.

The NCS Solution:

At NCS, we implement AI-powered, multi-layered security frameworks to ensure that financial data remains protected, compliant, and breach-proof.

Our Advanced Database Security Strategies Include:

  • AI-Powered Threat Detection – Identifies and neutralises cyber threats in real time.
  • Data Encryption at Rest and in Transit – Ensures financial data remains unreadable to unauthorised entities.
  • Role-Based Access Controls (RBAC) & Multi-Factor Authentication (MFA) – Restricts access to sensitive financial data to authorised personnel only.
  • Database Activity Monitoring (DAM) – Provides continuous surveillance of database activity, detecting anomalies and potential security breaches.
  • Compliance-Driven Security Implementations – Ensuring adherence to GDPR, PCI DSS, FCA, and other financial regulations.

The Outcome:

With NCS’s security-first approach, financial businesses can reduce the risk of data breaches, ensure regulatory compliance, and build customer trust through ironclad data protection strategies.

2. Database Management & Administration: Enhancing Performance and Efficiency

The Problem:

Maintaining and optimising a highly available, high-performance database is resource-intensive and requires specialised expertise. Financial institutions often struggle with slow transaction processing, high maintenance costs, and downtime risks.

The NCS Solution:

NCS provides end-to-end database management and administration services to ensure seamless performance, uninterrupted uptime, and cost-effective operations.

Our Advanced Database Security Strategies Include:

  • Proactive Database Performance Tuning – Enhancing query execution speed and system responsiveness.
  • Automated Backup & Disaster Recovery Solutions – Ensuring data resilience through failover mechanisms and geo-redundant backups.
  • Index & Query Optimisation – Reducing load times and improving transactional efficiency.
  • 24/7 Monitoring & Support – Proactively identifying and resolving database issues before they impact operations.
  • Patch Management & Updates – Keeping databases up-to-date with security patches and performance enhancements.
 

The Outcome:

By outsourcing database management to NCS, financial businesses eliminate operational bottlenecks, improve system performance, and reduce IT infrastructure costs, ensuring a frictionless experience for employees and customers alike.

3. Database Modernisation: Future-Proofing Financial Institutions

The Problem:

Legacy databases are not built for modern financial applications. They lack scalability, flexibility, and the ability to integrate with AI, machine learning, and fintech innovations. Financial institutions risk falling behind competitors if they fail to modernise their databases.

The NCS Solution:

NCS helps financial businesses transition from outdated database infrastructures to modern, scalable, and AI-ready database environments.

Our Advanced Database Security Strategies Include:

  • Shifting from Monolithic RDBMS to Microservices-Based Architectures – Enabling modular, scalable, and flexible database operations.
  • Implementing In-Memory Databases for Real-Time Processing – Reducing transaction latency and improving customer experience.
  • Integrating AI & Machine Learning for Predictive Analytics – Powering smarter financial insights and fraud detection capabilities.
  • Cloud-Native Database Implementation (AWS, Azure, Google Cloud, Snowflake, PostgreSQL, etc.) – Enabling seamless scalability and cost savings.
  • Hybrid & Multi-Cloud Deployment for Maximum Flexibility – Allowing businesses to distribute workloads efficiently while maintaining control over sensitive data.

The Outcome:

NCS helps financial businesses stay ahead of the competition by enabling modern, agile, and future-proof database solutions that can scale effortlessly and integrate with emerging technologies.

4. Cloud Database Migration: Transitioning to Cost-Effective, Scalable Cloud Solutions

The Problem:

On-premise databases limit growth, increase maintenance costs, and lack disaster recovery capabilities. Financial institutions need a scalable, high-availability solution that supports real-time analytics and remote accessibility.

The NCS Solution:

NCS provides seamless, zero-downtime cloud migration services, helping financial businesses transition to cloud-native or hybrid cloud database environments.

 Our Cloud Migration Capabilities Include: :

  • Assessment & Strategy Planning – Identifying the best cloud solution based on security, compliance, and operational needs.
  • Database Replication & Schema Migration – Ensuring data integrity and minimising disruption during migration.
  • Multi-Cloud & Hybrid Cloud Implementations – Balancing cost, security, and performance by optimising cloud architecture.
  • Performance & Cost Optimisation – Reducing cloud infrastructure expenses while maximising database efficiency.
  • High-Availability & Disaster Recovery Configuration – Implementing real-time failover mechanisms to ensure zero downtime.

The Outcome:

With NCS’s cloud migration expertise, financial businesses gain on-demand scalability, cost efficiency, and enhanced security while ensuring seamless data accessibility.

5. Emergency Database Support: Ensuring 24/7 Availability & Resilience

The Problem:

Database downtime in the financial sector can result in millions in lost revenue, regulatory penalties, and customer dissatisfaction. Financial institutions must be prepared for unexpected database failures.
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The NCS Solution:

NCS provides round-the-clock emergency database support, ensuring that financial businesses never experience extended outages, data loss, or security breaches.

Our Emergency Database Support Services Include:

    
  • Immediate Incident Response – Rapid troubleshooting and resolution of database failures.
  • Real-Time Failover Configurations – Ensuring automatic switchover to backup systems to maintain uptime.
  • On-Demand Performance Tuning – Addressing slowdowns and system inefficiencies in real time.
  • Corrupt Database Restoration & Data Recovery – Preventing financial data loss and ensuring regulatory compliance.

The Outcome:

With NCS’s 24/7 emergency support, financial businesses achieve operational continuity, minimise revenue loss, and maintain customer confidence in their banking and transaction systems.

Why Financial Businesses in London Trust NCS?

  • 20+ Years of Industry Experience
  • Certified Cloud & Database Architects
  • Proven Expertise in Financial Sector Regulations
  • Custom Solutions Tailored for Banks, Investment Firms & Fintechs
  • Advanced AI-Powered Security Implementations

By modernising database infrastructure, financial institutions can improve security, efficiency, compliance, and innovation—positioning themselves for long-term success.

Ready to upgrade your financial database? Get in touch with our database and cloud strategy experts in London today.