The transformative impact of storage networking technologies on banking and financial sectors

Rao, Pramod Sathyanarayana (2025) The transformative impact of storage networking technologies on banking and financial sectors. World Journal of Advanced Research and Reviews, 26 (2). pp. 1302-1316. ISSN 2581-9615

Storage Networking technologies have emerged as transformative enablers in the banking and financial sectors, revolutionizing how institutions manage their exponentially growing data repositories. This comprehensive article examines how the evolution from direct-attached storage to sophisticated networked architectures has fundamentally altered core banking operations, regulatory compliance frameworks, and disaster recovery capabilities. The integration of Storage Area Networks, Network-Attached Storage, and unified platforms has created resilient infrastructures that support mission-critical financial applications while ensuring data integrity and security. These technologies have dramatically improved transaction processing performance, enhanced customer relationship management, and strengthened risk assessment capabilities. As financial institutions navigate increasingly complex regulatory environments, storage networking provides the technical foundation for compliance through advanced data classification, retention management, and encryption. The article further explores emerging trends including cloud integration, software-defined storage, next-generation memory technologies, and AI-driven management that will continue to reshape how financial organizations leverage their most valuable asset—data—to maintain competitive advantage in an increasingly digital marketplace.