LogicMonitor introduced a partnership with operational resilience options supplier Gieom.
The collaboration will allow the 2 firms 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 supply 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 necessary concern for monetary providers firms. New laws, equivalent to DORA, would require these companies to undertake a extra holistic method to detecting and mitigating dangers throughout programs 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 the use of real-time monitoring and observability, AI-driven efficiencies together with predictive analytics and automation, enhanced visibility through a unified platform, and scalable instruments to assist handle third-party dangers.
“Monetary establishments are underneath immense stress to modernize and adjust to stringent laws like DORA, and this partnership offers them with the instruments to succeed,” LogicMonitor Common 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 business so establishments can keep forward of regulatory calls for, strengthen operational effectivity, and construct belief with prospects in an ever-evolving panorama.”
LogicMonitor offers AI-powered, hybrid observability, giving firms 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 firms to higher handle their insurance policies and commonplace working procedures, streamline digital id verification processes, handle threat, and undertake an operational resilience framework. Gieom’s expertise is utilized by greater than 90 banks around the globe, 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 similar 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 expertise 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 method.”
Photograph by Umar Andrabi
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