Paul Geiger was recently quoted in an article from Finance Magnates regarding the permanent marks that will be left on the fintech industry as a result of the paradigm shift caused by the coronavirus. See what Theorem’s President and Co-founder had to say:
One of the most significant trends in business over the past 15 years has been the rising number of Americans working remotely. According to Flexjobs.com, the number of employees based outside the office increased by 159% between 2005 and 2017, and today close to 5 million U.S. employees work remotely. Many factors make this an attractive option for companies, particularly the benefit that comes through cost savings. However, the capacity for employees to work remotely is also critical in terms of business resilience and is a vital part of any business continuity plan. The current Coronavirus epidemic has made this abundantly clear as firms respond to rising infection rates by asking employees to work from home.