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Safeguarding Financial Institutions: Everbridge's Critical Event Management Platform for Operational Resilience

The Challenge in Financial Services Industry

The financial services industry is under constant pressure from regulatory bodies and stakeholders to maintain operational resilience. The intricacies of processes, technology infrastructure, and organizational silos present significant challenges. Financial institutions must combat systemic risks, ensure regulatory compliance, and bolster preparedness, risk management, and resilience. By standardizing and automating threat detection, crisis management, incident response, emergency communications, and reporting, financial institutions can enhance their operational resilience.

Meeting Regulatory Requirements

Operational resilience in financial services is no longer a choice but a regulatory mandate in many jurisdictions globally. Regulators like the SEC, the Federal Reserve, FDIC, OCC, FFIEC, EU, UK's BoE, FCA, PRA, APRA, HKMA, and MAS have all introduced various regulatory frameworks emphasizing operational resilience. These frameworks demand that financial institutions absorb shocks and continue critical operations during disruptions. Compliance involves response benchmarks, audit logs, and evidence of executive oversight.

Addressing Common Challenges

Financial institutions face numerous challenges, including climate-related risks, cybersecurity threats, branch and data center vulnerabilities, technology outages, third-party service disruptions, and employee safety concerns. Regulations and principles are in place to guide institutions in mitigating these risks and enhancing their resilience. Institutions must adapt to the evolving threat landscape and ensure they are prepared to handle various scenarios that could impact their operations.

Benefits of Everbridge's Critical Event Management Platform

Everbridge offers a comprehensive critical event management platform that empowers financial institutions to respond effectively to business-impacting events. By utilizing Everbridge, institutions can enhance their operational resilience by focusing on preparedness, automating communication and response, and improving reporting capabilities. Recognized as a leader in critical event management, Everbridge's platform has demonstrated significant ROI and substantial benefits for organizations using it, according to a Forrester Consulting study.

Empower Business Continuity with Everbridge Infinite Blue

Automate and Streamline Business Continuity Programs

Everbridge Infinite Blue offers a comprehensive platform to automate and streamline business continuity and disaster recovery programs, providing organizations with clarity and control during disruptions. With this intelligent enterprise resilience solution, companies can anticipate risks, predict impacts, collaborate effectively, communicate efficiently, and emerge stronger from any crisis.

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Empowering Organizational Resilience with Everbridge 360™

Comprehensive Safety Features for Business Continuity

Everbridge 360™ is a powerful platform that offers comprehensive safety features to uphold organizational commitments to business continuity. From risk management to crisis management and duty of care, Everbridge ensures that organizations can protect their people and maintain seamless operations. By leveraging the platform, businesses can connect with employees, mobilize teams, and restore order with ease during a crisis, delivering vital messages across various channels to safeguard their workforce.

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Empowering Safety and Communication with Everbridge Safety Connection

Introduction to Safety Connection

Everbridge Safety Connection is a comprehensive solution designed to help organizations quickly locate individuals based on their static, last known, or expected location during critical events. By leveraging various data sources such as network logins, access badges, and the Everbridge mobile app, Safety Connection provides real-time insights into the whereabouts of employees without compromising their privacy. This information is then cross-checked against scheduling systems and intelligence feeds to monitor potential threats and automatically alert individuals when they are in proximity to danger.

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Empowering Organizational Resilience with Everbridge Solutions

Importance of Organizational Resilience

In today's unpredictable world, critical events such as severe weather, civil unrest, workplace safety issues, and supply chain disruptions can have a significant impact on individuals, organizations, and communities. Prioritizing organizational resilience solutions is crucial for enterprises and government organizations to navigate these events confidently and mitigate risks. Resilient organizations not only withstand challenges but also thrive amidst emerging threats. Building organizational resilience involves optimal plans, strategies, tools, and processes. The newly released standard, ISO 22336, provides comprehensive guidelines for designing, implementing, and improving resilience policies and strategies within organizations.

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Managing Event Risk with Precision: Everbridge Event Risk Management Solutions

Challenges and Solutions for Large-Scale Events

Large-scale events, whether they are music festivals, sports events, or corporate conferences, require meticulous preparation and strategic coordination to ensure the safety and satisfaction of all participants. Everbridge understands the complex challenges of event risk management and provides tailored solutions like Mass Notification and Risk Intelligence. These solutions help in predicting unforeseen risks, identifying emerging threats, and developing flexible response plans to address any challenges that may arise.

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