Business Continuity
ISACA: How to Strengthen Supply Chain Resiliency During the Pandemic
Source: ISACA
Schaumburg, IL, USA – The spread of COVID-19 forced nearly all enterprises to revisit their business continuity plans. This reassessment often revealed significant gaps—including failure to factor in the potential need for an entirely remote workforce and to consider impacts to supply chain. A new white paper from ISACA, Supply Chain Resilience and Continuity: Closing Gaps Exposed in a Global Pandemic, offers approaches that enterprises can implement to increase the resiliency of their own supply chain—during the current pandemic and potential similar future crises.
Only 17% of businesses use electronic document storage as part of disaster recovery plans, despite 82% admitting importance
July 27, 2015 - Only 17% of UK organisations have incorporated electronic document storage into their disaster recovery (DR) plans, although 82% admit the need to do so is either 'critical' or 'very important' to maintain business continuity. These are the findings of a new survey by global business automation software provider, V1, carried out among senior IT and finance professionals from 92 organisations across the public, private and third sectors.
Iosco consults on business continuity plans for trading venues and intermediaries
April 7, 2015 - The International Organization of Securities Commissions (IOSCO) today published two consultation reports aimed at further enhancing the ability of financial markets and intermediaries to manage risks, withstand catastrophic events, and swiftly resume their services in the event of disruption.
China's ICBC chooses IBM for disaster recovery
August 28, 2014 - Industrial and Commercial Bank of China (ICBC) has rolled out IBM's Active-Active mainframe technology to provide business continuity and disaster recovery for its global branches.
MetricStream Partners with Everbridge to Deliver Business Continuity and Critical Communications App for Modern Global Enterprises
June 10, 2015 - MetricStream's Business Continuity Management App integrates with the Everbridge Unified Critical Communications platform to provide users an effective solution for end-to-end business continuity and disaster recovery management.
BofE rapped over crisis management failings in RTGS breakdown
March 25, 2015 - The Bank of England has been told it needs to improve contingency arrangements and strengthen its crisis management framework following an independent review of the ten-hour breakdown in the operation of the UK's high value payments system, Chaps, last year.
IT renewal set to accelerate as banks seek to restore profitability and address digitization, finds new Temenos / Deloitte study
May 8, 2014 - Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces the publication of its new paper "Restoring Profitability in the Digital Age", written jointly with Deloitte. The paper, which is an update to "Bridging the Profitability Gap", takes a fresh look at the banking industry and the trend in profitability.
European Banking Authority adds IT risk to 2015 agenda
April 16, 2015 - The European Banking Authority (EBA) today published its annual assessment of EU colleges of Supervisors, responsible for the oversight of cross border banks.
Ecuador's Banco Pichincha selects MetricStream for cloud-based business continuity
December 10, 2014 - The largest private bank in Ecuador, Banco Pichincha, has selected MetricStream to provide a multi-lingual cloud-based solution for business continuity management (BCM).
Survey Reveals Concerns That Testing of Financial Services Infrastructure Is Inadequate
April 28, 2014 - As the technology infrastructure relied upon by financial services firms to carry out their day-to-day operations becomes increasingly complex, a survey* undertaken by SunGard Consulting Services has revealed concerns that the testing of these systems is insufficient to protect against failure.
Digital and core renewal to drive bank IT budget growth
April 15, 2015 - Global retail banking IT spend is set to reach $131 billion by the end of 2015, driven largely by investment in mobile and digital channels and core platform renewal, according to figures from analyst house Ovum.
Hong Kong signs for Swift RTGS backup system
September 18, 2014 - Hong Kong Interbank Clearing Limited (HKICL) has signed up to deploy Swift's new Market Infrastructure Resiliency Service (MIRS), which provides a backup to the territory's real time gross settlement (RTGS) system in the event of a catastrophic breakdown.
GFG Group partners with Dbvisit Software for database disaster recovery solution
March 25, 2014 - International electronic payments software solutions company GFG Group and Dbvisit Software, the leading global provider of Oracle® disaster recovery for Standard Edition users, today announced a new partnership.