Uptime Institute Launches Standardized, Comprehensive Infrastructure Risk Assessment for the Financial Sector
Designed to help FSIs identify and mitigate digital infrastructure risk and support regulatory compliance
NEW YORK — Uptime Institute launched its new Standardized, Comprehensive Infrastructure Risk Assessment for Financial Sector Institutions (SCIRA-FSI). SCIRA-FSI is a breakthrough professional services offering by Uptime Institute, that assesses critical IT environments across enterprise data centers, multitenant data centers, and public and private clouds to identify and mitigate physical and operational outage risks.
In response to recent high-profile FSI outages and increasingly complex hybrid IT architectures, over 30 financial supervisory authorities in Europe, in conjunction with the European Banking Authority, have implemented regulatory requirements designed to encourage more effective risk management practices. These require regulated FSIs to periodically assess outage risks across their complete data center estate. This focus by regulators and governments on minimizing FSI outages is rapidly spreading across the globe, with similar requirements from the Bank of England & Prudential Regulatory Authority, Federal Reserve and Office of the Comptroller of the Currency in the United States, the Monetary Authority of Singapore, and the China Banking and Insurance Regulatory Commission, among others.