Bank of Beirut and IBM have completed the implementation of a five-year agreement to provide a comprehensive recovery solution for the bank’s London subsidiary. The solution enables the bank to consistently and reliably recover its data in a short time frame.
Martin Osborne, manager administration at Bank of Beirut, said: “We faced a challenge every time we carried out a recovery test, having to build our servers from scratch, including loading and configuring the operating system and restoring the data. This created a strain on our IT resources and we realised that we needed a more consistent and reliable data backup and recovery solution to ensure that we could guarantee the bank’s capability to provide increased resiliency and business recovery at times of need.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.