Banks making covid-forced working from home permanent

Banks making covid-forced working from home permanent
Before covid, banks had focused on flexible working as part of their diversity and inclusion policies. But now it has become mainstream.
Jenny Ruth
Two of the biggest impacts on banks from the covid-19 pandemic include a permanent shift of staff to work from home and an acceleration of digital forms of banking, according to the latest survey of financial institutions by accounting firm KPMG."The major banks have always had the ability for some staff to work remotely and encouraged flexible working hours, but 2020 saw a profound shift," KPMG said."There was a mad scramble at the start of lockdown to ensure everyone had the right hardware and access to the banks' secure ne...

More Finance

December interest rate cut uncertain: Fed governor
Finance

December interest rate cut uncertain: Fed governor

Lisa Cook says the timing of further reductions will depend on new data.

Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024