#workingfromhome: How The Financial Service Industry Can Adopt Remote Work
Financial services are deemed an essential service; therefore, many banks are still open in North America amidst the Covid-19 outbreak. However, with countries that have implemented more strict lockdowns, bank tellers and advisors are still working.
How can they adopt remote work?
The key to any financial transaction done online is data safety. As we see through our financial data privacy investigations in our Privacy Diaries series , financial sectors are extremely vulnerable to hacks.
However, there are ways the financial service industry can adopt remote work practices that will ensure data privacy. By using a VPN and utilizing dApps built on a blockchain network, financial services can still attend to client’s needs with the utmost safety and privacy during this time.
Using a VPN — a virtual private network
VPN technology came about as people requests for better security on their online activity grew. It helps individuals protect their online activities, while maintaining their online confidentiality.
VPN unlocks the Internet and allows its users to send and receive data via the Internet, while at the same time maintaining the privacy and confidentiality of the data being shared.
VPN has many incredible benefits aside from its security. The ability to remotely access information from home or anywhere else, allows companies to have their employees work from home without losing any productivity.
Using apps built on Blockchain
Blockchain technology has been around for the better part of a decade and the uses cases are ever growing. The security that blockchain technology provides can be a game changer in the fight for better security.
While there may be many decentralized, blockchain-enabled applications available, it’s difficult for institutions to trust this ‘new’ technology and move their information over. There are so many mainstream, centralized applications already being utilized by financial institutions around the world, however, they may still not be secure enough to protect users’ data. These applications are prime candidates to utilize Debrief’s Middleware component to empower their existing applications with added security and ensures data privacy for users. With Debrief’s unique middleware layer, any application can enable secure blockchain authentication and other decentralized functionalities within their platform using top blockchain infrastructure. Financial tellers can have appointments via videoconferences, as well as safely receive and share financial data with employees, as well as their clients.
Remote work has exploded recently due to the current corona virus outbreak, and the time has come for companies to take advantage of tools and technology available to them in order to maintain the same level of productivity while working from home.
