SATELLITES FOR THE FINANCE SECTOR
SATELLITES CAN…
Time stamping financial transactions
Clocks around the world are set using satellites though pinpointing position between three satellites.
Predict extreme weather
Satellites can measure substance of buildings to within millimetre precision, which could help to engineers and insurance companies.
Measure soil moisture
Satellites can measure substance of buildings to within millimetre precision, which could help to engineers and insurance companies.
Provide instant credit-card authorisation
Provide mobile banking in rural areas
Satellites enable banks to take services to customers in remote areas. Satellite communications allows them to connect to the banks computer systems.
Track assets
Satellite tracking means you can pinpoint assets quickly with high accuracy.
IN ENGLAND, AVERAGE FLOOD DAMAGE COSTS ARE £1.1 BILLION ANNUALLY, RISING TO £27 BILLION PER ANNUM BY 2080
