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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, April 29, 2008 – 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.

   
 
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“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 disaster.

Our fully documented Live-Site Test is essential for our clients meeting regulatory requirements .”

Rick Lavin
Founder and President 
Recovery Solutions

 
     

 

 

 

 

 

 

 

 

 

 

 

 
 
2007 Integrated Bank Technology