Governments worldwide are making coverage modifications that can guarantee monetary establishments strengthen their resilience, enabling them to keep up operational continuity throughout disruptive occasions. In Australia, laws is tightening for APRA-regulated monetary companies industries, with CPS 230 set to take impact from July 1, 2025.
Organisations at the moment are targeted on fortifying their operations to make sure they adhere to this prudential commonplace. Nonetheless, navigating the realm of information know-how presents numerous challenges for companies looking for to boost their operational resilience:
- Working with outdated software program, as updates usually require system outages, which might be touted as a legitimate rationale for suspending quite than inconveniencing clients.
- Guarding towards vendor lock-in, as companies should protect themselves from potential failures of single suppliers.
This text delves into the misconceptions surrounding operational resilience within the monetary sector.
A multicloud, open-source information platform stands because the cornerstone for empowering firms to successfully handle their information throughout various cloud suppliers, making certain seamless enterprise continuity and mitigating the dangers related to vendor lock-in.
Uncover how Aiven’s buyer, Digital Asset Analysis, has leveraged this strategy to bolster resilience and minimise downtime.
