A data retention policy is a set of guidelines that helps organizations keep track of how long information must be kept and how to dispose of the information when it's no longer needed. Financial institutions face some of the most stringent rules and regulations regarding retaining and shredding records and documents. Banks and other financial businesses are governed by laws and regulations to ensure the safety of customer information. The consequences for violating these rules are considerable. In the world of finance, data retention regulations vary between 5 and 10 years, depending on the regional regulators. Highgate Systems offers a cost effective solution to retain, secure, protect and access financial information for the duration of the regulatory requirement.