Business Continuity Planning for Banks and Credit Unions PDF Print E-mail
Tuesday, 17 June 2008

If you provide financial services here in the U.S., you already know that a business continuity plan is a regulatory requirement for all financial institutions. And when developing or updating your BCP, it’s important to remember that competition is fierce, organizations are more complex, and customers are demanding a higher level of service than ever before.

Gone are the days of small memberships and hand-posting of transactions. Today, services are expected to include debit and credit cards, ATMS, and online banking, among others. As new technologies emerge and you compete to make more sophisticated services available to your customers, you are also increasing your operational risks.

As a bank or credit union, you are providing critical services, and a data loss or lengthy disruption of those services can cost you the confidence of your customers, diminish your brand, and damage your reputation.

That’s why your comprehensive data backup plan should include both continuous data protection and rapid system recovery, neither of which can be accomplished with a tape-based solution. This makes an onsite NAS device, paired with backup of your data to two geographically separate secure data centers, an excellent data backup choice for your financial institution.

Although disasters can be regional, they are most likely to be focused on your organization. In the event of a local hardware failure, your NAS device will get you back up and running within the hour. And if a natural disaster does strike and you suffer heavy damage, we can recover your data from one of our secure data centers, so that it’s ready for you as soon as you have activated operations at your alternate worksite.

For more information on how the Granite Mountain solution can protect your mission critical services, complete our Fast Quote form to work to a representative today!





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