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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.

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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).

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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.

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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.

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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.

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SunGard 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.

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