Financial Data Archival
Archon Suite helps financial enterprises migrate, secure, and manage decades of data with full compliance and zero disruption. From airtight archival to audit-ready access, it’s everything your legacy stack isn’t.
Overview
Legacy systems in finance are more than just slow — they’re expensive, risky, and outdated. With over $10 billion in global compliance fines and 40% of banks still using COBOL-era technology, it’s clear that change is needed.
Archon Suite helps financial enterprises modernize by transforming legacy systems into secure, compliant, and scalable data platforms. It streamlines migration, ensures airtight archival, and prepares your data for future needs.
Whether you’re facing audits, retiring old systems, or enabling real-time insights, Archon makes the transition smooth while keeping you compliant and ready to grow.
How Archon Suite Helps with
Financial Data Archival
Compliance-first data archival
Archon Suite comes preloaded with retention, audit-readiness, and privacy enforcement features — all aligned with global and regional financial regulations.
Benefits
- 100% compliant archival across any international or state financial regulations (SOX, RBI, SEC, GDPR, PCI-DSS & more)
- Respond faster to audits with indexed and query-ready records
- Custom data retention and legal hold policies for tax, audit, and regulatory cycles
Embedded Security with Data Bunker Architecture
Legacy financial data, from transaction histories to loan records, is among the most sensitive and breach-prone assets in any bank or financial institution. Archon Suite’s Data Bunker architecture offers embedded security that scales with your needs whether you’re operating on-prem, in the cloud, or both. Archon locks it down with zero-trust architecture, encryption, and tamper-proof storage.
Benefits
- Scale to the cloud while retaining sensitive records in a secure, in-house Data Bunker ensuring compliance with RBI, SOX, SEC, and other financial data residency mandates
- 100% secure archives with WORM storage and encryption (at rest and in transit) lock down high-risk financial records like account statements, KYC data, and audit trails
- Enterprise-grade access controls, audit logs, and tamper-proof storage slash the risk of data breaches and regulatory fines
- Strong encryption and multi-layer security help reduce premiums for cyber liability and operational risk coverage
High-speed, zero-disruption data migration
Move data out of outdated banking apps (COBOL, AS400, JDE, etc.) into Archon Suite’s centralized, modern ecosystem without disrupting daily operations.
Archon Suite understands the complex hierarchies of banking data, from core transactions to regulatory records. That’s why our migration process is strategically designed around financial data categories like loan books, GL entries, customer KYC, compliance reports, and more.
Benefits
- 80% faster migration with zero business disruption even for high-volume environments
- Pre-built connectors for core banking platforms, ERPs, and legacy apps like COBOL, AS400, and JDE
- Finance-aware validation and reconciliation workflows to ensure no records are lost, duplicated, or misclassified
Searchable historical access with audit trails
Archived data isn’t just cold storage. Archon Suite makes historical financial data instantly accessible and context-rich, so you can retrieve exactly what you need, when you need it.
Benefits
- Search by financial data categories like account numbers, GL codes, transaction types, fiscal periods, or branch IDs
- Metadata-rich filters for quick access to customer KYC, loan records, tax filings, audit logs, and regulatory submissions
- Cross-year comparisons and internal reviews made easy with granular financial history retention
- SLA-backed access ensures teams can retrieve records during audits or legal requests, without scrambling and delays
Cost-optimized storage for inactive financial data
Archon Suite automatically shifts cold or legacy financial data to lower-cost storage tiers, with full access, and audit-readiness.
Benefits
- Save millions in legacy ERP, database, and app license fees
- Smart compression & deduplication to lower storage footprint
- Flexible hosting — cloud, on-premises, or hybrid
Take Control of Your Financial Data Today
Contact us now for a personalized demo and see how Archon Suite can transform your financial ecosystem.
Product Security Whitepaper: Archon Data Suite
Check out our definitive guide to security & compliance within Archon Data Suite, and learn more about the product architecture, design considerations, our methodology, and our approach to data processing.
JP Morgan | PNB | Standard Chartered | ANZ | TMB Bank
Decommissioning Legacy Banking Systems
- Archive years of financial records from COBOL- and AS400-based apps
- Tag records by branch, fiscal year, GL code, and transaction type
- Audit-ready access with WORM storage and full legal hold support
Accelerating M&A Due Diligence
- Consolidate years of customer, GL, and tax records into a centralized, audit-ready archive
- Enable clean data extraction and reporting by branch, year, and product line for due diligence teams
- All actions tracked via immutable audit trails, boosting credibility
Migrating KYC & Customer Data Archives
- Auto-classify legacy KYC records by account ID, document type, and verification date
- Apply privacy policies and custom retention timelines based on jurisdiction
- Enable fast retrieval for AML teams and eliminated dependency on aging CRM software
Archiving Loan & Mortgage Portfolios
- Archive high-volume loan data with metadata tags like loan type, disbursement date, risk category, and borrower segment
- Enable compliance with RBI, SOX, and Basel III retention mandates
- Searchable portfolios for auditors and analytics teams across time frames
Custom Data Retention Policies
- Apply custom retention and legal hold policies aligned with RBI and AML norms
- Data Bunker architecture to isolate and encrypt legacy records from disjointed systems
- Set up automated deletion alerts for expired records to avoid over-retention risks
Mergers & Acquisitions
- After merging or acquisition of other healthcare enterprises, consolidation requires retiring redundant systems.
- Requirement of preserving historical clinical records.
- Need for unified data archival from various sources.
Legacy System Decommissioning & Data Migration
- High maintenance cost to support legacy EHR/EMR systems.
- Migrating from legacy to modern HER/EMR platforms.
- Vendors like Amalga HIS & VistA exiting from supporting healthcare enterprises.
Cost-effective Patient Records Retention
- To reduce storage & licensing costs of EHR/EMR.
- Requirement of reducing TCO.
- Reducing maintenance cost of historical patient records retention.
Patient Data Breach & Security Incident
- After data breach incidents – for instance, the proven incident of HealthEquity (March 2024)—unauthorized access exposed the sensitive PII and PHI.
- Legacy system vulnerabilities exposed by internal security audit.
- Comply with new security standards.
- Transitioning to zero-trust security solution.
Healthcare Compliance & Audit Mandates
- Certification, Re-certification & Accreditation.
- Update in healthcare data retention standards.
- Legal hold requirement & litigation.
- Health insurance claims.
- Corporate governance audits.
- Clinical records quick retrieval.
- Long-term PHI archival.
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