Bankers explain how they make SBA lending work for them.



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UPCOMING EVENTS

 
 
Mobile Banking & Commerce Summit
June 10-12
Westin St. Francis
San Francisco
 
RDC Summit
September 26-28
Omni Orlando ChampionsGate
Orlando, Fla.
 
BAI Retail Delivery
October 9-11
Washington, D.C.
 
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Money Fund
Report AveragesTM

7-Day Yield — 0.03
30-Day Yield — 0.03
7-Day Comp Yield — 0.03

All Taxable Averages (Based on 1,086 funds with assets of $2.27 trillion - 5/16/12)

Courtesy of

Recovery Solutions LiveSite Testing for Disaster Recovery

Recovery Solutions has created a state-of-the-art testing tool that: 1) provides assurance our disaster recovery solution will work in the event of a catastrophe; and 2) provides a critical regulatory component addressing the FFIEC’s March 2008 re-write of the Business Continuity Planning Guidebook and the IT Examination Handbook.

Our LiveSite testing solution closely simulates a real-life emergency situation enabling subscribed clients to process data and transactions using back-up solutions at the recovery site, thereby complying with the FFIEC’s standard of conducting a “Full-Interruption/Full-Scale Test.” 

The test is made possible using our fully integrated mobile banking facilities, sophisticated satellite systems, Virtual Private Networks and virtualized images of mission critical technology components.

By incorporating free virtualization software such as, VMware or Hyper-V, RS clients can now save critical file servers, workstations, data files and applications to an inexpensive external USB hard drive. The USB drive is brought to RS Mobile Banking Test Center enabling us to restore all critical applications, data and devices quickly to demonstrate full business resumption. Within hours our clients perform live banking transactions and transmit the records to the Service Bureau or in-house mainframe.

The satellite dish network is protected by 3DES encrypted VPN’s providing a true turn-key disaster recovery model, unparalleled in the industry.  Our clients walk away with the peace of mind knowing that Recovery Solutions will restore normal operations within their recovery time objectives.  Furthermore, RS fully documents the entire testing process - from the moment of engagement until completion of the LiveSite test.  This document also complies with the regulatory reporting requirements to communicate back to senior management and the Board of Directors (as well as the regulatory agencies).

This critical management solution warrants an Innovative Solution Award based on its:

1. Compliance with the most stringent regulatory standards.
2. 3DES encrypted secure communications.
3. Utilization  of a combination of state-of-the-art technology solutions.
4. Unparalleled standards within the community banking industry.

Recovery Solutions
www.recoverysolutions.com

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