Business continuity remains banks’ priority in the next phase of Covid

The payment industry’s ability to withstand the disruption caused by the coronavirus suggests that lessons learned from previous outbreaks have served the industry well.

At Sibos earlier in October, a panel was held on how the industry coped with workforce disruption after the coronavirus outbreak.

Speaking at the event, Greg Keeley, executive vice-president at TD Bank Group, recalled: “Our business continuity plan was thrown out the window as we recognised the impacts of protecting our colleagues and the need to go virtual.

“However, practising our business-continuity and disaster-recovery plans allowed us to react to a situation no one could have foreseen.

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