For finance and insurance organizations, the past decade has ushered in a whirlwind of change. Following the subprime mortgage crisis of 2006, scrutiny over financial management, risk assessment, and security measures vastly increased, and rate changes from the Fed have made tight profit margins even tighter for U.S. banks. Additionally, innovations such as Bitcoin, PayPal, LendingClub, and Kickstarter are further disrupting the industry as they become household names and trusted, viable alternatives.
To remain competitive, finance and insurance organizations are doubling down to improve efficiencies. In many cases, this involves prioritizing their people and optimizing human capital strategies. Here are