Banks and Credit Unions Struggled to Ensure Employees had Access to High Speed Internet

One of the trickiest circumstances for banks and credit unions during the pandemic was how to get high speed internet access to employees working from home; according to research consumers without access to broadband could range anywhere from 42 million to 162 million; as stores with internet access shut alongside everything else even the workaround for employees disappeared; some institutions paid to add broadband for their employees and some stopped allowing people to work from home due to constraints on broadband availability; adding broadband might start becoming a part of the benefits package, with work from home being considered in the long term ensuring people have access to reliable internet is necessary; institutions could also help to build access in their communities as part of their philanthropic work, giving back to the community in this way could help the bank long term is ways they have not yet considered. American Banker.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.