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:
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:
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 It addresses issues industry like where the run book may be out-of-date and the steps don’t match the configuration.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:
Drive DR operational efficiency, lower the cost of DR operations, and enable agile IT organization
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.