Could these be the most challenging times for banking and finance firms in history? The banking crisis of 2008 created major challenges for financial institutions, but those issues seem relatively minor compared to what’s happening today.
In today’s business climate, challenges include:
Shrinking budgets
Competition from fintech companies
A dispersed and mobile workforce, creating changes in engagement
Evolving business demands
Shifting employee expectations
Regulatory pressures that only become more complex
Technology challenges
Cyber threats
Speed of decision making
Inflation
A looming recession
Many firms in the banking and finance sectors are discovering a surprising way to cope with these changes: a new approach to training.
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