How credit unions can prepare for more car loans after the pandemic
How credit unions can prepare for more car loans after the pandemic
Promoting employee well-being in the remote workforce
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Establish a business case for compliance
In the early days of the coronavirus closure, one of my favorite netpaintings restaurants proudly displayed symptoms that indicated they were open to delivery and takeaway. Defying difficult times, we decided to serve their consumers and run their businesses. Since then, they have been reopened and reopened with a new outdoor living room, an upfront online order and a contactless payment. The business is solid and the owner is optimistic. They take credit for a moment of crisis to react, recanoize and prepare for prosperity.
Before the crisis, many financial institutions were considering, or in some cases starting, multi-year technology initiatives to modernize or replace legacy systems that were cost prohibitive, lethargic and aged. Mid-market regional banks in particular often have unused data center capacity and core banking systems that are not configured in an agile manner for rapid adjustments to features and functionality needed to address market forces. Contact center agents are typically always on site, with limited thinking into disaster recovery or continuity plans.
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