Everbridge BrandVoice: How Tech Can Help Shield Finance Firms From The Coronavirus

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During a quickly evolving crisis, speed and precision are crucial Sponsored by Everbridge

Dropping bond yields will put a strain on banks, which will then get stingy with commercial lending that would otherwise keep struggling businesses afloat.

By connecting the system to HR software, business travel systems and operations databases, managers can then match trouble spots to facility and employee locations. This lets them know where an impact could occur, empowering them to act. “The executive team gets one unified picture of what is going on and the status of response,” added Mouline. “With database connections, it can aggregate information like near real-time employee locations by monitoring if people are in a specific building through network data or access control systems. To respond, it can automatically trigger work-from-home protocols that have been vetted using both machine learning and experienced analysts.

Kotalik, who has spent years providing banking technology solutions, thinks loans to companies suffering through the outbreak and economic upheaval may dry up. But while financiers are likely to throttle back some of the funding and services they provide, he believes the industry itself is in a good position to mitigate internal damage. Recent reportsHe said finance firms have two reasons why they have already laid the groundwork to weather the storm.

“Banking and brokerage are pretty well prepared,” said Kotalik. “They have detailed emergency plans. If they can execute them effectively, they can still operate through a pandemic.”

 

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Everbridge you have the better gadgets you can do the better precision. I also may have been a 0 or 3 off in the middle class and poor's favor.

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Pandemic shows investment fund vulnerabilities, G20 watchdog saysNon-bank financial firms such as investment funds have exhibited vulnerabilities during the coronavirus crisis that may need fixing to help economies recover, a global regulatory watchdog said on Tuesday. reutersHuwJ Was just thinking that myself.....doh! reutersHuwJ Do you expect the chance of an economic crisis? reutersHuwJ Who gives a rats ass about Investment funds? how about helping to fix people's lives, a vaccine for this virus, the glaring disparity of health care and food and shelter around the world. Wonder why people hate you 1%ers? bc all you care about is your investment funds.
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