How Financial Services Firms can Hit the Cost Efficiency, Innovation and Security Trifecta

Tehama Team

Tehama Team

Jun 2, 2022


4 min read time

How Financial Services Firms can Hit the Cost Efficiency, Innovation and Security Trifecta

Modern banking is experiencing a paradigm shift. Industry consolidation, historically low interest rates, and the entrance of non-traditional players such as Apple, Amazon and Google onto the financial services scene, have increased pressure to adopt new technologies that support mobile banking and contactless payments.

The reality is that the ability to offer hybrid and remote work options is becoming critical to hiring and retention across many industries, including financial services. According to a Vidyard and Atomik Research study released in January 2022 and titled “The Future of Work in Financial Services: Remote or In-Office”1, nearly nine-tenths (88%) of respondents reported they are more successful working from home versus the office.

So, while banks must continue to place their highest priority on meeting strict security and compliance regulations, there are also some unique advantages associated with hybrid work, including improved employee experience, which we talk about here, and cost-optimization.


Move to Hybrid Workstyles Drives Cost-Efficiency

Given the increasingly small margins today’s banks and financial services firms operate under, the move to hybrid work has led to out-of-the-box thinking on ways to reduce operational expenses.

For example, once an indicator of success, office size no longer matters when large portions of the bank’s workforce are no longer in the office on a regular basis. This is driving innovation and enabling financial institutions to take advantage of and promote the hybrid workstyles once relegated to firms operating outside of financial services and other regulated industries.

By “re-homing” workers, or sending them home to work on either a full-time or part time basis, banks and financial services firms are able to significantly reduce their operational expenses, in the form of savings on real-estate costs.

Intense Pressure to Modernize Comes with Risk

However, this intense pressure that banks are under to modernize, and reduce operational expenses by supporting hybrid work environments for employees, contractors and service providers, does come at a cost in the form of increased risk.

Third-party entities, including contractors and service providers, have historically presented a significant risk to the business due to the lack of visibility the bank or financial services firm has into the technologies they are using to access the data and applications needed to be productive. This risk now extends to the bank’s hybrid and remote employees.

Yet, there is a way for the financial services industry to balance the desire to innovate and drive cost-optimization, while ensuring security remains intact. It is the Tehama Carrier for Work™.

The Best of Both Worlds

The Tehama Carrier for For Work™ is an innovative and disruptive solution that can help financial services organizations optimize costs and remove the risk of hybrid work.

With the Tehama Carrier for Work™, banks and financial institutions benefit from:


Traditional remote work solutions, such as issuing corporate laptops to external contractors or deploying virtual desktop infrastructure (VDI) and desktop-as-a-service (DaaS) offerings, aren’t up to hybrid workforce demands. Laptops are easily compromised, lost, or stolen, while legacy VDI and DaaS are constrained by high costs and complexity. Tehama’s one-of-a-kind platform gives financial institutions with large, distributed, or global workforces the infrastructure to enable the future of work quickly and securely.

Cost efficiency.

Re-homing workers into remote and hybrid work scenarios saves operational costs to the business. Further, Tehama’s software-as-a-service (SaaS) model helps reduce costs for cloud transfer, compute, GPU, and storage, as well as endpoint management and support costs — for a lower total cost of ownership compared to legacy VDI solutions.

Governance and compliance.

Tehama has more than 80 built-in SOC 2 Type II controls, making it easy to meet regulatory requirements such as FINRA, PIPEDA, OSFI, NYDFS 23, and NYCRR 500. Every Tehama session is logged and recorded, so auditors and risk managers can ensure all compliance requirements are met.

To learn more about how the Tehama Carrier for Work™ offers an innovative, cost-efficient and secure way for financial services companies to deploy a hybrid workforce click here or contact our team to learn more or to set up a demo today.


Shape line

Read More

How to Protect Your Business from the Inevitable Attack Without Breaking the Bank

How to Protect Your Business from the Inevitable Attack Without Breaking the Bank

Are you worried about the growing risks stemming from the evolving cyber threat landscape that will undoubtedly one day impact your business?  Are you tired of paying for the high cost of your BC/DR provider to evaluate, procure, integrate, manage, and operationally maintain countless point solutions to protect your data, applications, and infrastructure? For a reliable, cost-effective solution for ensuring business continuity and disaster recovery, look no further than Tehama.    Don’t become a statistic According to the 2021 Hourly Cost of Downtime survey by ITIC, over 90% of mid-sized and large businesses experience costs exceeding $300,000 for an hour…
Now Available: Tehama’s Cybersecurity Platform delivers integrated, enterprise wide security.

Now Available: Tehama’s Cybersecurity Platform delivers integrated, enterprise wide security.

In today’s global marketplace, meeting compliance mandates is more than necessary; it’s a competitive advantage. In its recent report, Top Trends in Cybersecurity 2023¹, Gartner concluded that through 2026, more than 40% of organizations — including two-thirds of midsize enterprises — will rely on consolidated platforms to run cybersecurity validation assessments. Gartner also identified that restructuring the security function’s operations can enable agility without compromising security.  And that’s where the Tehama Cybersecurity Platform for Hybrid and Remote Work comes in. It’s built on Tehama’s groundbreaking P5 architecture and is the first to unify secure access to hybrid and remote work.…
Why You Should Move to Tehama Technologies Today

Why You Should Move to Tehama Technologies Today

Reducing Cost, Adding Flexibility, and Driving Innovation in Hybrid and Remote Work In the business world, organizations are constantly re-prioritizing and adapting to meet changing competitive pressures. Innovation and effectively leveraging technology are critical to their ability to adapt quickly. The pivot towards remote and hybrid work models means businesses today expect their technology partners to provide robust security solutions, immediate ROI and cost savings, greater flexibility, and an optimized user experience. Where does your organization stand on its virtualization and digital workspace deployments? The Tehama Cybersecurity Platform for Hybrid and Remote Work, powered by our P5 architecture, provides all…
Subscribe Here!
Get Tehama insights sent straight to your inbox!
By submitting this form, I consent to receive e‑newsletters, helpful information and promotional messages and can withdraw consent at anytime.
Subscribe Here!

Get Tehama insights sent straight to your inbox!