Banking & Financial Services
Stay ahead of the curve of heightened financial regulations
Building Resilience in the Financial and Banking Sector with World-Leading BCMS
The world of finance and banking operates on a razor’s edge, where even the slightest disruption can have far-reaching consequences, especially with such vast amounts of sensitive data, transactions, and customer information.
With proactive business continuity planning and robust BC strategies, financial institutions can minimise downtime, maintain customer trust, and ensure the availability of essential services in times of disruptions.
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Can you answer these questions with full confidence?
- Do you have documented procedures for handling liquidity and funding issues during disruptions?
- When were plans last checked, updated and tested?
- What measures are in place to protect against cyber threats and ensure the security of financial systems and sensitive data?
Planning for Business Continuity in the Financial and Banking Sector
Effective BC planning involves establishing critical functions, identifying potential risks and vulnerabilities, creating response plans by prioritising resources for quick recovery, training employees, and testing the plans regularly. Without a strategic approach in place, businesses may find it challenging to recover from crises, leading to significant financial losses, reputational damage, and even business failure.
Book a demoPrioritising Cyber Resilience for Financial Institutions
By implementing robust cybersecurity measures and conducting cyber-simulation exercises, financial institutions can proactively identify vulnerabilities, enhance incident response capabilities, and strengthen overall cyber resilience amid the increasing threat landscape of cyber-attacks.
Achieving and Maintaining Regulatory Compliance
From the FCA/PRA framework to ISO 22301, financial governance varies from region to region, and operational resilience is the universal ability of firms, and the financial system as a whole, to absorb and adapt to shocks, rather than contribute to them. Prioritising regulatory compliance is crucial for long-term success, trust, and business viability.
Book a demoUsing BCMS Solutions in the Financial and Banking Sector
Instead of spending manual hours planning and carrying out BC tasks, C2’s Meridian software allows financial and banking firms to create, store, manage, and distribute business continuity plans through smart automation and data collection. Investing in BC technology can help simplify and improve organisation-wide engagement.
Key Features of C2's Meridian BCMS
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Management Information & Reporting
A real-time overview of your entire BCMS.
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Business Impact Analysis (BIA)
Conduct, analyse, and get your BIA reports.
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Plan
ManagementCreate any plans with ease with our Template Creator.
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Risk
ManagementStreamline your risk assessments with our fully integrated RMS.
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Operational Resilience
Smart automation for Operational Resilience framework.
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Exercise & Testing
Carry out drills and exercises from start to finish.
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Corrective
ActionFully functioning corrective action tracking system.
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Audit & Compliance Management
Conduct internal audits with minimal effort.
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Document
ManagementManage all documents with smart reminders and version control.
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Policy Management
Manage your BC plans based on policy and KPIs.
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Incident Management
Create and track incidents with real-time updates and native mobile app.
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IT Disaster recovery
Automate your IT DR plans based on priority.
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The implementation process was good, transfer from legacy system to Meridian was smooth. The quality of service provided by the C2 support team was excellent, always available to help. We Have used C2 for over 5 years, and always keeps us ahead of regulations and expectations of Management. The ROI has been great with everything required for ISO 22301:2019 certification.
- Business Continuity and Incident Officer in Financial Services
Trusted by organisations across the world for the last 20 years and counting
Why Choose C2 Meridian Software?
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State-Of-The-Art Security
Choices of user authentication solutions, e.g. MFA and SSO.
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FCA/PRA Compliance
A complete software solution to satisfy the regulations
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ISO Accredited
Aligned to international best practices. ISO 22301:2012 & ISO 22317:2015
Don't just take our word for it.
Business Continuity Solutions Provider for Organisations Worldwide
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BCRM Manager
Helen T.
Business Continuity Manager
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Fraud Prevention
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Demo
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Tell us about you.
From the number of plans you're looking to manage to the specific functionality that your business needs. The more we know, the more we will make BC easy and effective to implement. -
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See Continuity2 in action.
Our experts will demonstrate how our BCMS will streamline your processes and achieve resilience. You will see a product walkthrough, hear case studies, success stories, and ask questions! -
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Implement it your way.
Our BC experts tailor your implementation based on your specific requirements, working closely with you every step of the way.
FAQs
What is Business Continuity?
Business continuity is the planning and preparation required to ensure the organisation can maintain its operations when unexpected or disruptive events occur. With the right tool, the organisation can develop and implement a successful business continuity plan that withstands disruptions and maintain and recover operations as effectively and efficiently as possible.
What is Operational Resilience?
Operational Resilience refers to the collective ability of an organisation’s workforce, culture, and structure to maintain critical functions during unexpected events or disruptions. Resilient organisations are built with strong employee engagement where people work and collaborate with a shared purpose.
What is Cyber Resilience?
In the financial and banking sector, cyber resilience refers to the ability to withstand and recover from cyber threats while maintaining operations and protecting sensitive data. It involves cybersecurity, risk assessments, incident response plans, and cyber-simulation exercises. The goal is to minimise the impact of attacks, enhance detection and response, and safeguard critical systems. This ensures customer trust, mitigates financial losses, and preserves sector stability.
Who is responsible for the Business Continuity plan?
In resilient organisations, the Emergency Planning Officer usually oversees business continuity plans to ensure that the organisation can continue to run in the event of emergencies or disruptions. The job title can vary, including Emergency Management Specialist, Emergency/Disaster Preparedness Coordinator, and Crisis Management Officer.
What are financial institutions?
Financial services are the economic services provided by the finance industry, which includes a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, and investment funds.
Where can I learn more about Continuity2 Meridian BCMS Solution?
Visit Our Software for a full overview of C2's Meridian BCMS key features. You can also explore more resources for planning business continuity and best practices in our Blog section.
Got a question? Send us your query and we will get back to you as soon as possible