Business continuity rarely makes headlines—until something goes wrong.
A cyberattack, audit failure, or system outage can put your institution’s operations, reputation, and even your career at risk.
Financial institutions face increasing regulatory pressure and rising expectations. Still, most teams are managing continuity in spreadsheets, with little support and even less recognition. And when they do invest in software, many find it too complex to use or too expensive to justify.
If you’re responsible for protecting your financial institution’s operations, reputation, and audit outcomes, this guide is for you. Below, we break down the top 5 BCM tools for banks, stock brokers, and other financial institutions in 2025.
Banks and other financial institutions must comply with strict regulatory requirements, including FFIEC, PCI-DSS, and GDPR.
Failing to maintain compliance can lead to severe penalties, reputational damage, and operational restrictions.
When you manage your compliance manually, things can slip through the gaps easily.
With BCM software you can track your compliance automatically. You also simplify reporting, ensuring that your institution remains aligned with legal obligations.
A single incident, such as a data breach or service disruption, can significantly harm a financial institution’s reputation. This can lead to a loss of reputation, customer trust, client withdrawals, and negative media coverage.
When there is an incident and you don’t have a robust, known plan that you can put into action quickly, you lose control of the narrative.
Using robust BCM software ensures your institution can respond quickly to incidents, minimizing damage and maintaining client confidence. All your plans are centralized and all stakeholders have access to them, so that you can respond quickly and decisively to any crisis.
Lenders, banks, stock brokers, and other institutions face a wide range of risks, including operational, cyber, and third-party risks.
Managing such high risks with forms and spreadsheets is inefficient. It relies on different employees’ judgement and a risk that may seem small and insignificant can blow up.
Using business continuity software, you can identify, assess, and mitigate these risks by providing tools for risk assessment, impact analysis, and response planning. This proactive approach reduces the likelihood of disruptions and ensures continuity of critical services.
|
Software |
Best for |
What it Delivers |
Limitations |
BCMMetrics |
Mid-sized banks or credit unions. |
Complete compliance self-assessment and benchmarks. Mitigate threats and manage risk simply. |
No integrations with other systems. |
|
Quantivate |
Growing banks with evolving GRC needs. |
Financial industry focus, scalable. |
Lacks advanced analytics. |
|
LogicManager |
Enterprise institutions with complex risk programs. |
Strong risk management integration. |
Can be complex to set up. |
|
BC in the Cloud |
Global institutions with event response needs. |
AI-enhanced response, fast decision support. |
High cost, advanced features may be overwhelming. |
|
Unit's Business Continuity Tool |
Digital-only banks and fintechs. |
Protects customer access during partner issues. |
Limited to banking continuity. |
BCMMetrics is a practical, affordable BCM platform developed by MHA Consulting, a firm with over 25 years of experience in business continuity.
Designed for mid-market teams who manage continuity with limited resources, it offers a modular, proven way to run BIAs, manage plans, track compliance, and benchmark your program without expensive onboarding or unnecessary complexity.
BCMMetrics is ideal for finance continuity managers who don’t have time to wrestle with overbuilt tools or justify bloated costs. It keeps the program lean, structured, and defensible with features focused on doing the work, not checking a box.
Compliance Confidence reduces regulatory risks, while the Predict Tab helps identify and resolve vulnerabilities before they impact operations. Industry Benchmarking provides credibility by showing how BCM maturity compares to peers.
Best for: Banks or credit unions with 1–5 people managing continuity or compliance.
Consider if: You need GRC-wide integration or custom-built workflows.
Quantivate is a GRC (Governance, Risk, and Compliance) platform with a focus on financial institutions, including banks and credit unions. Designed for scalability, Quantivate provides a modular approach that lets institutions tailor BCM capabilities to their needs.
Best for: Banks building out BCM alongside other risk areas.
Consider if: You need benchmarking tools or more advanced analytics.
LogicManager is a risk management platform with strong business continuity capabilities. It is designed for organizations that want to align BCM with enterprise-wide risk management. The platform's taxonomy-driven design ensures that BCM efforts are directly connected to identified risks.
Best for: Large institutions with mature ERM teams.
Consider if: You’re looking for simplicity or faster time to value.
BC in the Cloud is a cloud-based BCM platform powered by Everbridge, known for its advanced event management capabilities. It combines traditional BCM functions with AI-enhanced incident response, making it a strong choice for large, complex institutions.
Best for: Institutions with global operations or highly distributed risk.
Consider if: You need something easier to manage day-to-day.
Unit's Business Continuity Tool is a newly launched platform designed specifically for banks. It focuses on ensuring digital banking continuity, protecting customer access to funds and services even if third-party providers fail.
Best for: Fintechs, neobanks, or API-first financial platforms.
Consider if: You need full BIAs, planning, or compliance features.
Here’s what you should do:
Financial institutions operate under strict regulatory frameworks like FFIEC, PCI-DSS, and GDPR. When selecting BCM software, ensure that it offers robust compliance tracking and reporting capabilities to meet these requirements without manual effort.
Look for software that aligns with your institution’s risk management strategy. This includes features for assessing operational, cyberattacks, and third-party risks, and the ability to integrate risk management with continuity planning.
Choose a solution with an intuitive interface, clear navigation, and minimal learning curve. This is especially important for financial institutions with limited BCM staff.
Evaluate whether the software provides the necessary functionality at a reasonable cost. Modular solutions like BCMMetrics can be more cost-effective, as you only pay for the tools you need.
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Ensure the software includes clear communication features for notifying customers, stakeholders, and regulators during disruptions.
Choosing the right BCM software is critical for financial institutions aiming to maintain resilience, minimize risk, and protect their reputation. Evaluate your institution’s specific needs, including regulatory compliance, user experience, and scalability, to select the best solution.
You don’t need enterprise overhead. You need a platform that helps you:
BCMMetrics gives you the core structure, visibility, and guidance to build an audit-ready, resilient program, without becoming a software expert in the process.
Book a free demo of BCMMetrics here.