Integrated Bank Technology and Recovery Solutions Partner to Assist Banks in Compliance Plans with New Federal Regulatory Standards
Companies to Offer Expanded Disaster Recovery Options
CHICAGO--(Business Wire)--
Integrated Bank Technology (IBT), a company that specializes in
engineering robust software applications and provides 24/7 support
services to community financial institutions, announced that it has
formed a partnership with Plainfield, Ill.-based Recovery Solutions, a
comprehensive disaster recovery service provider. With its current
real time replication model integrated within the software, IBT has
raised the bar on disaster recovery capabilities keeping costly
service disruptions to a minimum for its customers. IBT's new
partnership with Recovery Solutions will complement those efforts and
add business continuity planning to its innovative solutions package.
The Federal Financial Institutions Examinations Council (FFIEC), a
federal interagency regulatory organization that creates and enforces
principles and standards for the federal examination of financial
institutions, recently made revisions to its business continuity
planning criteria in hopes to reduce negative effects on financial
institutions' business operations, reduce financial institutions'
monetary loss and enable customers and financial markets to be
serviced with minimal disruptions.
Through its strategic partnership with Recovery Solutions, IBT can
now address all of these revisions by offering its customers a
seamless disaster recovery service as an integration in to each
institution's business continuity plan for federal compliance.
Additionally, IBT can provide its customers with satellite facilities
immediately following an unexpected occurrence that prevents banks
from operating in their normal offices.
"Recovery Solutions offers a unique mobile disaster recovery
service complete with a sophisticated satellite network that enables
financial institutions to continue to operate in the event of a
disaster. Our fully documented Live-Site Test is essential for our
clients meeting regulatory requirements," said Rick Lavin, founder and
president of Recovery Solutions.
The mobile branch facilities are fully equipped with computers, a
satellite telephone system, an imaging capture device, banking related
printers and other accommodations that include teller counters, drive
up facilities, a break area, security cameras and alarm systems.
Wireless satellite connectivity to IBT's data center is also available
and is a vital benefit that will enable financial institutions to
access and update documents experiencing little disruption to the
customer.
Additionally, the mobility of the facilities addresses a
prevailing issue in the industry, the ability of financial
institutions to respond to a pandemic. Using a mobile branch, an IBT
customer can move the bank outside of the affected area and continue
to service its customers without putting anyone at risk.
"Our partnership with Recovery Solutions will allow our clients to
have access to core systems and files, as well as necessary
operational elements to continue serving their customers in crisis
situations," said Mike Golebiowski, president at IBT. "With unforeseen
circumstances having the potential to happen at the least expected
time, banks want the assurance of knowing that they can continue
serving their customers immediately. With our combined experience, our
clients will know that they will be taken care of during normal
business conditions as well as abnormal conditions."
About Recovery Solutions
Recovery Solutions (RS), headquartered in Plainfield, Ill.,
provides annual disaster recovery testing and business resumption to
financial institutions. RS delivers mobile banks that are fully
equipped with sophisticated computer technology. Its "ready-to-go"
Emergency Mobile Banks have all the necessary computer LAN equipment,
security equipment, banking specific computer hardware, generator,
satellite based VoIP telephone system and a sophisticated satellite
communications network to enable financial institutions to communicate
to its Service Bureau and to the Internet to resume business within
hours.
For more information about the company, visit
www.recoverysolutions.com, call Richard Lavin at 815.577.1999 or send
an e-mail to info@recoverysolutions.com.
About Integrated Bank Technology
Cedar Park, Texas-based Integrated Bank Technology (IBT) provides
software applications and support services to community financial
institutions across the country. The company's flagship product,
Integrated Bank Environment, is a robust software application that is
designed to enhance a financial institution's overall customer
experience while making the cost of ownership affordable.
For more information, visit www.iBankTech.net.
For Integrated Bank Technology
Nneka Egwuatu, 678-781-7229
Copyright Business Wire 2008
