Sanovi Technologies Launches DR Solution For Banks

Sanovi Technologies, the Disaster Recovery Management (DRM) solutions provider, has introduced the Sanovi DRM for Banking, specially designed for banks. The new software complements the company’s Sanovi DRM Suite, helping banks automate their Business Continuity and Disaster Preparedness plan and comply with the regulations and guidelines set out by the Reserve Bank of India.

Sanovi worked with Indian banks to understand their regulatory and operational needs, and also consulted with RBI to understand the Gopalkrishna Committee report. A result of these efforts, Sanovi DRM for Banking is the first DR management product in the market that helps banks report on their Disaster Recovery capabilities and how they are meeting RBI regulatory requirements. The DRM solution also aids the banks in improving the availability of their services to their customers.

Sanov DRM for Banking provides features that will enable banks to address various recovery aspects as laid out in the Gopalkrishna Committee report. Sanovi DRM offers RBI specific reporting module that offers readymade reports on the banks BCP test status, DR readiness capability, DR data integrity besides other standard reports on RPO and RTO. It has the ability to recover at the application level or a component level enabling banks to test recovery capabilities of the complete application or at the component level. Banks will also be able to capture and automate DR steps such that banks can test and recovery their critical operations and monitor recovery metrics such as RPO and RTO for critical applications.

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Lakshman Narayanaswamy, Co-Founder and Vice President of Products, Sanovi said, “Demand for DR automation solutions is growing, as customers are looking for ways to reduce production downtimes, and perform successful DR drills. Critical banking applications, such as core banking, Internet banking and RTGS, where any stoppage due to natural calamities or human induced errors can result in major business impact for the bank that translates to financial loss and customer dissatisfaction. The inability to recovery critical IT application in a timely manner due to dependence on manual intervention can severely impact the banks’ operations. By implementing Sanovi DRM for Banking, banks can be assured that their critical IT applications will recover within set recovery SLA’s and business impact due to outages is minimised.”

Ashis Guha, President Global Sales, Sanovi added, “The introduction of Sanovi DRM for Banking, specially engineered for Indian banks and complying with local regulations marks another significant milestone for Sanovi and further validates our leadership in the DR solution space.”