London (July 21, 2005) â BT Radianz, the leading global provider of financial connectivity services, and iVestigo, a specialist provider of scalable, ASP based IT monitoring solutions for financial institutions, today announced that iVestigo has selected BT Radianz as the exclusive network provider to enable the ASP model of its flagship IT operational risk management solution, the OpsMonitorÃ Service Bureau.
iVestigoâs OpsMonitorÃ Service Bureau provides real-time dashboard overviews for business users, and in-depth, drill down visibility for technical IT users. By providing this level of detail for each system and application, the whole business is able to maintain an at-a-glance view of the performance and availability of business-critical systems. OpsMonitorÃ allows financial institutions to reduce operational risk and system downtime by providing real-time visibility, automatic alerts to key staff, and vital technical information to enable accurate problem diagnosis and timely resolution of threats to business-critical systems. As a result, OpsMonitorÃ enables financial institutions to comply with the explicit system resilience requirements mandated in MiFID and inherent in Basel II.
Dave Lewis, Technical Director of IT Assurance at iVestigo, said:
"BT Radianz provides iVestigo with an extremely stable and secure connection for our clients, which is vital to our ability to offer excellent service and achieve the high levels of assurance over business-critical systems that our clients have come to expect."
Chris Pickles, Manager, Industry Relations at BT Radianz, said:
"Both Basel II and MiFID are key directives that will change the nature of the European financial markets and greatly impact on our customersâ business. iVestigo brings a unique ASP model for risk management to our community of users that complements the key role that BT Radianz plays in ensuring its customers are well prepared to face the challenges that will undoubtedly arise."