Article

Financial wellbeing beyond 2021 for banks and their customers

Written by Sandstone Technology | Feb 8, 2021 4:51:12 AM

The COVID-19 pandemic has left Australia in an environment of low interest rates and reduced stability in earnings caused by government-imposed lockdowns, strategic business changes such as operations, budget cuts and redundancies that affect daily operations and budgets and employment, as well as changes in economic trends; these trends majorly affecting sectors including travel, finance, brick and mortar retail and hospitality, with flow-on effects within the broader economy.