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.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more