{"id":1335,"date":"2020-09-09T10:41:47","date_gmt":"2020-09-09T14:41:47","guid":{"rendered":"https:\/\/www.wework.com\/en-GB\/ideas\/?p=1335&preview=true&preview_id=1335"},"modified":"2020-09-25T19:25:14","modified_gmt":"2020-09-25T19:25:14","slug":"why-financial-companies-require-flexible-office-space","status":"publish","type":"post","link":"https:\/\/www.wework.com\/en-GB\/ideas\/workspace-solutions\/flexible-products\/why-financial-companies-require-flexible-office-space","title":{"rendered":"Why financial companies require flexible office space"},"content":{"rendered":"\n

In the last decade, the financial services industry has undergone many changes. Following the 2008-2009 economic crisis, policymakers increased regulations in the industry to protect banks against future shocks. Large financial institutions were required to have an additional capital buffer and a minimum amount<\/a> of liquid assets. And the best-performing banks began to dramatically cut costs<\/a> \u2013 including the cost of property.\u00a0<\/p>\n\n\n\n

At the same time, cloud-based financial services quickly evolved<\/a>, leading to a rise in online transactions, which has further impacted financial services\u2019 property needs. Today, in the midst of COVID-19, decentralisation<\/a> or having many satellite offices rather than one large central headquarters, is not only paramount to the success of financial institutions but also plays a pivotal role in ensuring the health and safety<\/a> of employees.\u00a0\u00a0<\/p>\n\n\n\n

In my role as WeWork\u2019s portfolio director for the Mountain West region, I partner with both traditional financial institutions and challenger banks<\/a> to meet their property needs. While traditional banking has often been seen as slow to change, it\u2019s actually experiencing rapid shifts in product and process that will have a long-term effect on its corporate property strategies. And although challenger banks are often nested within traditional banks as subsidiary startups, they also have their own unique set of requirements.\u00a0<\/p>\n\n\n\n

For all financial clients, our broker partners can help increase portfolio flexibility<\/a>, reduce fixed costs and support talent attraction and retention<\/a> with WeWork\u2019s products. Here\u2019s how.<\/p>\n\n\n

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