Allevo and ATE Bank Romania improve operational risk containment through an efficient business continuity plan
Allevo and ATE Bank Romania have successfully completed the
setup of their business continuity plan by implementing FMA.
Originally designed for ensuring real time, asynchronous mirroring
of financial messages sent and received via SWIFT network from one
geographic site to another, FMA also provides the bank
with the following additional features:
- transaction mirroring engine monitoring subsystem (from both
business and technical perspective)
- procedure & event management subsystem providing: working
procedures management (create, update & disseminate), business
continuity and disaster recovery and planned events support
- eLearning support.
FMA provides
an embedded electronic plan for business continuity and disaster
recovery in case of a crisis. Allevo solution targets SWIFT and
operations departments of a bank and provides services for all
stages of the Business Continuity Plan, from initiation to
strategy, implementation, testing and updating the plans and
procedures, in a collaborative environment which allows users to
manage operational risks while performing business-as-usual.
Based on the high virtualization degree, FMA helps ATE Bank to save
important resources while maintaining (recurring tests includes)
the Business Continuity Plan.
FMA's
centralized approach, in a collaborative environment, to procedure
and policies management, helps ATE Bank contain the operational
risks and reduce the percentage of human error, while increasing
productivity and taking full control of the financial activities
during planned events (migrations, periodic maintenance,
installation of new equipment and software), as well as during
low-level incidents or disasters/disruptions.
This initiative demonstrates again that the cooperation based on
complementary skills and assets is an efficient approach to
strengthen the beneficiaries' business, enabling them to provide
more secure and uninterrupted services to their customers.
"Using Allevo FMA solution and teaming with Allevo
professionals enabled us to cope even with unforeseeable events, to
know exactly the amount of time to recover our activities to full
capacity level, and zero data loss" states George
Lazar, IT Manager ATE Bank.
"Ensuring the continuation of business functionality at
all times and under any circumstances and implementing a business
continuity program, while managing operational risks is critical to
a bank's payment business; the parties' assigned teams cooperated
efficiently to ensure that ATE Bank is covered from this crucial
point of view" says Sorin Guiman, CEO Allevo.