Large Regional Bank enlists Marcum Technology for Technology Services
Marcum Technology has completed multiple projects for a regional Bank that offers a complete line of commercial, business, and consumer banking products and services. The Bank is proliferating through acquisitions of multiple smaller banks and finished 2015 with total assets of $12 billion.
Marcum Technology provided technical resources to assist with the integration of multiple legacy systems as well as address outstanding security vulnerabilities in the Bank’s environment. Completed projects included, the merger of multiple Active Directory Domains into the current standard and the move of legacy mail systems into Office 365. Marcum also completed a Commvault Deployment for backup and e-Discovery and fully deployed System Center Configuration Manager (SCCM 2012). Regarding security, Marcum implemented the LogRhythm Security information and event management (SIEM) system and completed an RSA upgrade and consolidation.
When banks cross the $10 billion mark, they are no longer considered community banks, but rather midsized institutions — a designation that introduces an enhanced supervisory approach from regulators. Banks can expect a larger and more frequent examination presence from regulators, featuring full-scope, point-in-time observations combined with regular, targeted reviews. Therefore, banks must ensure that sufficient resources are allocated to compliance so that the enhanced demands of regulators are met, and more importantly, so that the bank can continually review the strengths, weaknesses, and gaps in its compliance program.
Marcum Technology was able to create efficiencies by combining technology to add value to client-facing businesses and operational units. Moreover, Marcum Technology was able to prepare the Bank for the increased challenges and oversite that come with crossing the 10 billion asset threshold.