Continuous Banking

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Continuous Banking

 

The DR Challenge in Banks

 

As the number of banking applications grow, there is immense pressure on IT managers to reduce the time and resources for conducting regular ‘recovery drills’. Meeting RTO objectives can become tricky as it means organizing access to expensive and scarce expertise. IT managers are also mandated to gather the required documentation to demonstrate that adequate systems and processes are in place to ensure regulatory compliance. Here are some of the key challenges that banks face:

  • With banking services becoming available 24×7, there is little downtime for DR drills
  • Complex IT applications running on heterogeneous technologies require manual intervention and expertise to test recovery readiness
  • Managing and propagating changes that are done on the primary site to the DR site is a challenge. This can result in inconsistent application environments, causing recovery at the DR site to fail
  • The IT landscape in a bank usually consists of multiple IT applications that are interdependent and have to be accounted for when planning for recovery, such as internet banking and ATM needs core banking. These dependencies increase recovery complexity
  • IT managers have little visibility into how well their DR solutions are meeting recovery SLAs. The only time they find out about this is when they do a drill
  • Collating the required information to submit to regulatory authorities is time-consuming

 
Regulatory and Compliance Requirements for Banks

Reserve Bank of India Regulation on Business Continuity and Disaster Recovery

The Gopalkrishna Committee report includes clear recommendations and mandates on business continuity and IT disaster recovery (DR) that requires banks to demonstrate their IT recovery-readiness. Some of the important BCP/DR related mandates in the report are:

  • Submit reports to the RBI on the status of recovery-readiness of critical applications and the recovery plans that banks have in place for each of these applications
  • Submit BCP/DR drill reports to the RBI. Component, subsystem, and application level testing are recommended on a quarterly and also half-yearly basis
  • Submit quarterly reports documenting major failures that critical applications have suffered and their impact on services as well as customers

Reducing Business Risk Due to IT Downtime with Sanovi DR Management Solution

Sanovi’s application defined continuity (ADC) technology based life cycle approach to disaster recovery that the Sanovi DR Management (DRM) solution addresses the DR challenges that banks face, thereby increasing IT availability. Our application aware DRM solution automates application recovery and helps banks reduce IT downtime by recovering application within set SLAs. It addresses issues industry like where the run book may be out-of-date and the steps don’t match the configuration. It also provides the bank with critical data on recovery timeframes, measured against the RTO, and the amount of data loss, measured against the RPO. More importantly, it enables banks completely automate their DR drill process, thereby saving time and resources.

 

Key Benefits of Sanovi DRM for Banks

Our DRM product helps banks:

  • Adopt an application aware lifecycle based approach to DR leveraging Sanovi’s patented Application Defined Continuity technology which can scale across physical and cloud operating environments.
  • Drive DR operational efficiency, lower the cost of DR operations, and enable agile IT organization

  • Reduce IT down time due to outages by reducing recovery time
  • Meet regulatory requirements of conducting regular DR drills, as automation enables faster and parallel execution of the DR drill process
  • Save on time and resources required to collate data for DR reports by providing ready-made reports
  • Deploy best-practice DR solutions in the shortest time possible through packaged DR templates

 

Rich Eco-system to Deploy and Support Sanovi DRM

Sanovi works closely with several system integrators and service partners to deploy and support Sanovi DRM software. This provides the bank with the flexibility to work with their partner of choice to deploy and manage the Sanovi DRM solution. Further, several service-related options to customize the product to meet specific client needs or provide on-going operational support are also available through trained partners, thereby ensuring that banks maximize their benefits from deploying our DR Management solution on premise or on private/Hybrid clouds.

 

Reserve Bank of India Regulation on Business Continuity and Disaster Recovery