Pure Storage enables South
Korea's fastest growing internet-only bank to save nearly
$500,000 in disk purchasing costs,
and over $120,000 in data center
footprint and energy costs
SANTA
CLARA, Calif., Dec. 12,
2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG),
the IT pioneer that delivers the world's most advanced data storage
technology and services, today announced that Toss Bank, the
fastest growing Internet-only bank in South Korea, is leveraging Pure Storage's
all-flash storage platform to deliver reliable, always-on digital
financial services to its growing customer base.
Customer Challenge:
As the fastest-growing internet-only bank, acquiring over 8
million customers in just two years, and ranked #1 in South Korea on Forbes' The World's Best Banks
2023 list, Toss Bank is disrupting the antiquated banking sector by
providing consumers with a portfolio of secure and reliable
digital-only financial services.
For Toss Bank, customer data is central to driving efficiency,
improving its customer experience, and mitigating risk. Handling
upwards of 9,000 transactions per second in its database, however,
Toss Bank recognized the need to replace its existing storage
system due to performance issues that impacted its ability to
deliver optimized financial services to its customers.
Customer Impact:
By adopting Pure Storage's all-flash storage platform, including
the FlashArray™ portfolio, Toss Bank gained the performance,
reliability, and scalability it needs to deliver a truly modern
digital financial experience.
Benefits include:
- Improved Performance for Growing Financial
Transactions: With Pure Storage's FlashArray product line, Toss
Bank can reliably process 9,000 transactions per second on its
database management system. With Pure Storage, Toss Bank gains the
ability to scale storage volumes independent of servers, while
improving the overall storage environment with increased write
performance and reliability, lower costs, and support for
non-disruptive upgrades.
- Industry-Leading Data Reduction and Replication: Pure
Storage's FlashArray delivers industry-leading data reduction
technology, reducing Toss Bank's storage needs by up to 83% with a
6:1 data reduction ratio. Pure's data reduction technology proved
to be 2.5x more cost-effective than competing products in terms of
effective capacity. Additionally, using FlashArray's built-in
snapshot feature, Toss Bank reduced replication time from 4 hours
to less than a minute - a 99% savings.
- Reduction in Cost and Data Center Footprint: Pure
Storage's FlashArray enabled Toss Bank to replace 400 solid state
drives (SSDs), saving significant disk purchasing costs - estimated
at more than $485,000 - as well as
huge savings in data center footprint and energy costs - estimated
at $122,000 over a five-year
period.
- AI-Powered Storage Management: Pure1®, Pure's AI-powered
storage management platform, enables Toss Bank to easily track
storage workload, capacity, and performance status. Proactive
alerts immediately inform teams about potential challenges such as
hardware degradation, software errors, and environmental issues
before they can cause service interruptions.
Executive Insight:
- "With Pure Storage FlashArray, Toss Bank was able to
resolve performance issues of the existing storage and paved the
way for reliable financial services. With the active support of the
Pure Storage sales team, the all-flash products were delivered to
our data center in just two weeks, accelerating our financial
transformation." -- Donghyun
Park, Systems Engineer, Infrastructure Team, Toss
Bank
Learn More:
About Pure Storage
Pure Storage (NYSE: PSTG)
uncomplicates data storage, forever. Pure delivers a cloud
experience that empowers every organization to get the most from
their data while reducing the complexity and expense of managing
the infrastructure behind it. Pure's commitment to providing true
storage as-a-service gives customers the agility to meet changing
data needs at speed and scale, whether they are deploying
traditional workloads, modern applications, containers, or more.
Pure believes it can make a significant impact in reducing data
center emissions worldwide through its environmental sustainability
efforts, including designing products and solutions that enable
customers to reduce their carbon and energy footprint. And with the
highest Net Promoter Score in the industry, Pure's ever-expanding
list of customers are among the happiest in the world. For more
information, Visit www.purestorage.com.
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Quadrant for Primary Storage
Leader in the 2023 Gartner Magic Quadrant for Distributed File
Systems & Object Storage
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SOURCE Pure Storage