LogicMonitor introduced a partnership with operational resilience options supplier Gieom.
The collaboration will allow the 2 corporations to assist monetary establishments put together for rising laws governing operational resilience.
India-based Gieom made its Finovate debut at FinovateAsia 2016 in Hong Kong.
SaaS-based hybrid observability platform LogicMonitor has solid a strategic partnership with operational resilience options supplier Gieom. The mixture of Gieom’s Operational Resilience Platform and LogicMonitor’s LM Envision resolution will assist monetary establishments meet rising regulatory necessities, together with each the EU’s Digital Operational Resilience Act (DORA) and the FCA Operational Resilience Necessities.
“At Gieom, we’ve at all times believed within the significance of holistic operational resilience,” Gieom CTO Bhavana Mallesh mentioned. “Partnering with LogicMonitor permits us to increase our capabilities and provide shoppers a very built-in, end-to-end resolution. This collaboration ensures monetary establishments can meet regulatory calls for whereas optimizing their operations.”
Operational resilience is an more and more vital concern for monetary companies corporations. New laws, resembling DORA, would require these companies to undertake a extra holistic strategy to detecting and mitigating dangers throughout techniques and in third-party relationships. To this finish, the strategic partnership between LogicMonitor and Gieom will allow them to supply monetary establishments with proactive compliance by means of real-time monitoring and observability, AI-driven efficiencies together with predictive analytics and automation, enhanced visibility by way of a unified platform, and scalable instruments to assist handle third-party dangers.
“Monetary establishments are beneath immense stress to modernize and adjust to stringent laws like DORA, and this partnership supplies them with the instruments to succeed,” LogicMonitor Basic Supervisor, EMEA Matt Tuson mentioned. “Along with Gieom, we’re delivering a seamless, AI-powered resolution that enhances resilience, reduces threat, and drives worth throughout the trade so establishments can keep forward of regulatory calls for, strengthen operational effectivity, and construct belief with clients in an ever-evolving panorama.”
LogicMonitor supplies AI-powered, hybrid observability, giving corporations operational visibility and predictability throughout each on-premises and multi-cloud environments. Headquartered in Santa Barbara, California, and based in 2007, the corporate raised $800 million in strategic funding late final 12 months at a valuation of $2.4 billion. Christina Kosmowski is the corporate’s CEO.
Based in 2012 and headquartered in Bangalore, India, Gieom made its Finovate debut at FinovateAsia 2016 in Hong Kong. The corporate builds software program that empowers corporations to higher handle their insurance policies and customary working procedures, streamline digital id verification processes, handle threat, and undertake an operational resilience framework. Gieom’s know-how is utilized by greater than 90 banks world wide, together with World Financial institution, Financial institution of England, and the State Financial institution of India.
Most not too long ago, Gieom introduced a partnership with Al Ahli Financial institution of Kuwait (ABK) to create a centralized platform for the digital administration of insurance policies and procedures that govern the financial institution’s operations. On the identical time, Gieom teamed up with Kuwait Finance Home (KFH) to assist the establishment equally centralize and streamline its coverage and process administration.
“KFH is setting a benchmark for the area, leveraging know-how to reinforce compliance, governance, and customer support,” Gieom CEO John Santhosh mentioned when the partnership was introduced final fall. “This collaboration will contribute to KFH’s operational resilience and customer-centric strategy.”
Photograph by Umar Andrabi
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