Expected Impacts and Benefits
Implementation of these standards is expected to provide the following benefits:- Increased up-time/availability of banks leading to increased cost savings
- Establishment of a reference point for objective assessment of the IT function leading to improved IT performance measurement
- Improved data integrity and electronic information exchange
- Increased efficiency and productivity of staff due to interoperability of IT systems
- Business Continuity/Recovery and reduced risk of prolonged downtimes
- Improved data security assurance to customers leading to increased customer confidence