NCC Group is a global Software Resilience provider working with businesses to minimise the impact of business disruption and enhance operational resilience. Our leading Software Escrow and Verification Testing services form a vital part of internal processes and business continuity planning for some of the world’s largest Financial Services Firms and Fintech Providers.
Product / Service Description
With the support of NCC Group, Financial Services Organisations and Fintech Providers can provide assurance of the resilience and long-term continuity of business-critical on-premise and cloud-hosted software applications. This level of assurance gives organisations the confidence to safely partner with powerful third-party fintech providers and integrate solutions that enable them to meet the needs and expectations of today’s customers.
Solution Description
A Software Escrow Agreement is a simple and effective arrangement with mutually agreed terms between a Financial Services Firm, the FinTech Provider and NCC Group. The agreement can strengthen a firm’s operational resilience and support compliance with essential regulatory requirements around business continuity planning, resolution planning and exit plans by guaranteeing access to software source code in the event of supply chain disruption.
Software Escrow Verification provides an enhanced level of operational resilience for organisations by enabling the firm to test the rebuild of the application and therefore the effectiveness of their business continuity and exit plans.
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