Huxley shows gratitude to heroes from the finance industry
As the world confronts the health crisis of a generation in the form of a fast-spreading pandemic, companies across the finance, commercial, and IT space are stepping up and supporting people to get through this challenging time.
Huxley thanks you!
To our customers and partners around the world, we thank you for your hard work and commitment to fighting this cause. To keep everyone informed and to show our gratitude of the work that they have put in in order to tackle this global pandemic, here are the top 5 companies battling against the pandemic in their own way.
Alibaba Cloud launched a series of AI technologies and cloud-based solutions to support companies and organizations worldwide in the fight against Covid-19. Among the new solutions is the International Medical Expert Communication Platform, which allows medical professionals to exchange knowledge through online messaging, video conferencing and livestreaming. Other solutions include an epidemic-prediction tool and AI-enabled genome-sequencing technology that offers rapid, accurate and comprehensive analysis of subjects. Alibaba’s financial services arm, Ant Financial, is offering a blockchain platform to speed up claims processing, reducing the need for face-to-face contact amid the outbreak.
Amazon Web Services (AWS) launched the AWS Diagnostic Development Initiative—a global program to support customers who are working to bring better, more accurate, diagnostics solutions to market faster and promote better collaboration across organizations that are working on similar problems. With an investment of USD20 million, they will be accelerating diagnostic research, innovation, and development to speed collective understanding and detection of COVID-19 and other innovate diagnostic solutions to mitigate future infectious disease outbreaks.
Facebook is expanding a program ‘Data For Good’ that grants researchers access to data about movement patterns in an effort to help improve our understanding of the spread of COVID-19 globally. Data for Good, which uses aggregated, anonymised data from Facebook’s applications to inform academic research, will now grant access to three new maps for forecasting the disease’s spread and revealing whether residents of a given region are staying at home. Facebook executives said that the company could aid in disease recovery efforts while still protecting the privacy of individual users.
Citibank will be providing ample support to its customers globally with assistance in light of this pandemic. From waivers on monthly service fees, for both regular and small business customers, to fee waivers on remote deposit capture for small business customers. The group also have in place existing assistance programs that are always available for eligible credit card customers, including credit line increases and collection forbearance programs.
In addition, The Citi Foundation announced that it will provide $15 million to support COVID-19 related relief activities globally. $5 million will be directed to the COVID-19 Solidarity Response Fund and will be used to provide critical protective equipment for frontline health workers and necessary infrastructure to help scale up the public health response to the pandemic. $5 million will also go to support organizations globally in the long haul. We will work to identify local needs and NGO partners in countries that are severely impacted.
The Goldman Sachs Group, Inc. announced it will deliver USD300 million across two separate initiatives to help small businesses and communities around the world navigate the current health and economic crisis. Goldman Sachs has committed:
· USD275 million to create a Small Business Stimulus Package, including:
· USD250 million to provide emergency loans to small businesses across the country
· USD$25 million in grants to Community Development Financial Institutions (CDFIs) and other mission-driven lenders to ensure they have the necessary capacity to underwrite and deliver loans to small businesses as soon as possible.
In addition to the top 5 companies above, insurance companies like Prudential, AIA, and AXA are strengthening their plans to tackle the health, economic and social emergency. AXA has extended coverage and services to healthcare professionals in several countries and leveraged its own medical networks and teleconsulting services to contribute to the healthcare effort. Finally, the group has taken full action to support and compensate its customers affected by the virus. AIA Singapore offers free COVID-19 coverage for its 1.4 million customers, employees and tied representatives. This special coverage includes a lump sum pay-out of SGD1,000 for hospitalisation and covers death due to the coronavirus disease. Prudential has a dedicated FAQ page for customers, investors, employers and financial professionals to refer to if they have concerns ranging from the impact of their retirement savings, investments, an annuity or life insurance.
Join the cause!
Huxley is immensely inspired by all frontline workers who are dedicating their life to bring hope amid the distress by working on innovation and new services for customers in light of COVID-19.
Are you looking for a career that can make a difference in this pandemic, or is your organisation in need of financial experts? Check out our website for the latest job opportunities or get in touch with us through the form below today and take your future into your own hands now.