Bangko Sentral ng Pilipinas (BSP) Gov. Rafael V. Buenaventura has urged all financial institutions to submit their updated continuity plans to backup their computer files, especially deposit and loan records, to ensure that transactions are not affected, assets not deteriorated and business opportunities not lost in an eventuality of an IT outrage.
The complex ICT systems of banks, involving seamless interaction of mainframes, desktop and mobile computers, and workgroup servers, require a disaster recovery system that protects a multi-platform environment.
The BSP stressed the need to have immediate data recovery capabilities integrated into a bank’s risk management process. As businesses become more dependent on IT for operations and transactions, they also become more vulnerable to IT disruptions. A few hours of downtime lead to big losses in real and potential revenue; extended disruptions can cause long-term damage to customers and suppliers.
IBM Phils. is offering its BCRS not just to banks, but also to corporations and business enterprises. The IT recovery products and services are tailored to client requirements and their current operations systems, networks, databases and storage systems. The BCRS are also applicable to multi-vendor environments mixing PCs, redundant server farms, lost/legacy systems, e-commerce and web-based applications.
IBM’s Business Continuity and Recovery Services are recognized as the ultimate solution in data backup and recovery. The BCRS has received three top industry awards: the Reader’s Choice Award (Today’s Facility Manager magazine), Hall of Fame Award (Contingency Planning and Management magazine), 1999 Solution Integrator Impact Customer Satisfaction Award (Solution Integrator magazine).