LYCOS RETRIEVER 
Fifth Third Bank: Addition
built 186 days ago
For Fifth Third, finding the right technology at the right time was critical to ensuring business continuity and complying with government regulations. The bank’s previous strategy of backing up to tape and physically transporting the tapes to its remote disaster recovery site was no longer feasible. The disaster recovery team spent 16 to 20 hours to recover core banking applications from tape, and this still left the bank without any historical data. In addition, the risk of losing tapes was simply no longer acceptable. Fifth Third needed a way to speed recovery time and minimize any risk of data loss.
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On May 7, 2004, Fifth Third revealed in its quarterly filings with the US Securities and Exchange Commission (SEC) that 62.8 percent of its voting shareowners supported the resolution calling for the addition of sexual orientation to its non-discrimination policy. The 40 percent tally announced at the March 23 annual meeting included abstentions; the revised total followed the SEC protocol of excluding abstentions from the count. "The vote at Fifth Third was the highest vote we've seen on a social issue that was not supported by management since 1986 at the height of the anti-apartheid movement in South Africa," said IRRC's Meg Voorhes.
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In addition to the new home, Fifth Third Bank, longtime financial partner of the builders, has stepped up to ensure the family that it will be able to live in their new home debt free. Fifth Third will pay off the existing mortgage on the Gilliam family property, paving the way for the family to truly enjoy their new start.
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Like most early adopters, Fifth Third had technical challenges to overcome. For example, cache configurations had to be re-sized to support asynchronous replication for Fifth Third’s particular application requirements. In addition, early on in the implementation, the replication technology was not fully utilizing available bandwidth. This situation required working with the bank’s technology partner, EMC, to modify the microcode until the software was fully optimized.
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