That’s why it is imperative to have a business continuity plan in place to ensure that your financial institution has taken the appropriate measures so that you can recover quickly and effectively should any type disaster affect your institution. A disaster could be something as large as the World Trade Center attacks, or something as small as a power failure in your main office location.

A disaster is likely to inflict the following types of damage on your financial institution:

• Inability to operate and do business
• Financial loss due to damage to property
• Loss of credibility in the market
• Loss of data/applications

Metavante Banking Solutions has a newly developed Business Continuity Plan that addresses these areas and instructs you in preparation so that the negativity associated with these consequences is minimized.

The Federal Reserve is spearheading a drive to impose strict new disaster recovery regulations on financial institutions to prod banks into a position to rebound more quickly should a disaster occur.

You probably have a written business continuity plan for your institution. But, how long have you had this plan? Does it address the recent societal changes that our world has recently faced? Does it speak to the significant advances in technology that have recently occurred and continue to occur each day?

Metavante Banking Solution’s plan does. Contained in Metavante Banking Solution’s plan are:

• Guidelines for developing an individual institution business continuity plan
• Checklists for individual recovery teams and team members
• Guidelines for performing risk and impact analysis
• Charts for summarizing results
• Suggested guidelines for administration of the disaster recovery plan
• Backup and recovery strategies