Evolving Environment At Banks Due To COVID-19
It has been a few months since the initial impact of the virus on the world. Infectious disease protocols - how to live our lives limiting physical social interactions - will likely be one of the longest lasting impacts from the crisis. Of course, there is also the grave financial impact the virus has had on the world economy. The reality is that all business which relied on human interaction will need to reevaluate how to evolve their model given the current situation and considering the future consequences on humanity. Just like technology has played its role in making it more bearable to self-isolate, it may also play a vital role in adapting new business models to the reality of social distancing. Technology is one of the most important components to accomplish this shift in the traditional banking model. External factors are impacting currently established norms in most facets of our lives, and it is our ability to adapt that will help us get through the storm.
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