Case Study: US Bank achieves audit-ready business continuity with Mitratech Preparis

US Bank builds audit-ready continuity planning with Mitratech after an $18 billion MRA

US Bank, an $18 billion financial institution based in New York, received a regulatory MRA (Matters Requiring Attention) notice concerning its business continuity planning. The bank contacted Mitratech for help in designing a program that would address the immediate audit deficiency and be easily managed by its staff going forward, using Mitratech's Preparis Continuity Planning solution.

Mitratech implemented its Preparis IT Disaster Recovery Planning module, which automated plan updates, reviews, and approvals from a single platform. This provided the bank with a robust, audit-ready business continuity plan and streamlined reporting capabilities, including high-level charts for senior management. As a result, US Bank can now ensure it meets audit guidelines for future exams and avoid any further MRAs related to business continuity.

US Bank