WT Website Articles 20200924 02

Finance, COVID and a Tightrope of Trust

Ominously exposed to the economic carnage of Corona, we explore where the financial services industry goes next.

Office

  • Hong Kong

Author

  • David Atkins, Head of Strategy

Financial services brands have some very specific challenges to address if they want to play a positive and active role during the COVID-19 pandemic and beyond. Marketers will need to focus on creating and maintaining trust, balancing risk, and assisting customers and clients in rebuilding their lives.


Takeaways

  • If there is intent to act, act quickly for in the current environment, first mover advantage is critically important.
  • Financial institutions should vertically integrate their innovation to address analogue gaps in the digital delivery ecosystem.
  • More than ever financial institutions need to do the boring stuff well; approving loans, refinancing debt, extending credit.

Read the full report here.

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