|
| |
| Finance and Banking |
|
| Industry Solutions |
|
Financial Services organizations have long been used to regulatory control and inspection. This is increasing. Being able to perform in adverse conditions such as a crisis is part of the regulatory framework. In addition an early reliance on information technology to drive the back office has led companies to have mature disaster recovery systems and processes in place.
The marketplace has become increasingly complex and organizations are inter-dependent. Reputation can be under attack from any direction – internal process failings, external market events, supply chain and partner issues. The public, media and stakeholders have increasing expectations for information and performance during a crisis.
Companies like yours operating in the financial services markets realize that risk management is not just about reducing the potential for crisis or insuring against one happening. They have to plan on what to do when a crisis does hit. Crises and incidents are inevitable – financial services are too complex to avoid them. So, many organizations have specialist staff to provide support to executives when a crisis hits. Traditionally, this has meant convening groups of people in a crisis room or conference call and managing the situation from there. Complexity, speed, inter-dependency, compliancy, scrutiny and competition makes these approaches tenuous at best. Where’s your audit log? How do you get stakeholders involved? How do you share information yet keep it secure? How do you keep ahead of the situation rather than play catch-up?
MissionMode’s financial services customers understand the risk to their staff, stakeholders and reputation if they don’t handle a crisis quickly and effectively. They know that properly responding to an incident or crisis requires operating at speeds which normal technologies such as emergency operations centers, conference bridges and normal communications methods cannot cope with. Implementing MissionMode gives them the agility they need and cannot get elsewhere. They want to come out of a crisis ahead of the competition - ready to seize their advantage. It has a bottom line impact. |
|
