Facing both Challenges and Opportunities, How can Financial Service Firms Survive under the Pandemic?

SOAR Analysis of Three Leading Firms in the Financial Service Industry

DOI

10.2991/aebmr.k.220405.342How to use a DOI?

Keywords

Financial Services firms; SOAR methods; Digital Transaction; Remote Working; Compensation Policy; Incentive payment; Correlation Analysis; Growth Rate of Compensation; Inflation rate; Real Wage

Abstract

After the breakout of COVID-19, many entity industries have to shut down. The rapid decline of money transaction caused by the shutdown of the entity industries has shocked the financial service industry while the increase in digital transactions also offers them opportunities. Facing both challenges and opportunities, financial services firms should change their target and compensation policy during the pandemic to survive. After analysing three major firms in this industry by using SOAR method, we conclude four keys for financial services firms to survive in COVID-19.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

Download article (PDF)

TY  - CONF
AU  - Ding Li
AU  - Ning Xie
AU  - Zhihang Xie
PY  - 2022
DA  - 2022/04/29
TI  - Facing both Challenges and Opportunities, How can Financial Service Firms Survive under the Pandemic?
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 2039
EP  - 2046
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.342
DO  - 10.2991/aebmr.k.220405.342
ID  - Li2022
ER  -