Currencycloud invests £1.5m into its long-term remote working strategy

Currencycloud, an embedded cross-border solutions platform for financial services, is investing £1.5m into its new remote-first working strategy.

With the pandemic forcing most businesses to adopt a temporary remote working system, Currencycloud is looking to make it more permanent.

Under its new strategy, the FinTech is going to repurpose its London, New York, Amsterdam and Cardiff offices to be used for relationship building and collaboration, as opposed to open-plan working. The buildings will now be used at the employees’ discretion, with no set quota for when employees are required to be in the office.

Around half of the £1.5m will be used to refurbish the London and Cardiff offices to “bring collaboration to life.” This will include replacing old desks with team-based workspaces and collaboration pods.

Currencycloud CEO Mike Laven said, “We accepted immediately the shift to remote was a long-term change. Rather than resisting, we chose to embrace the opportunities we saw. While our focus has always been on employee safety and wellbeing first, we’ve found we’ve also been able to preserve the unique Currencycloud culture we value and maintain and even increase our productivity servicing clients in a remote environment.”

The FinTech will continue to provide employees with support to enhance their homeworking experience. This includes a £500 stipend for them to spend on home-office equipment, shifting training online to platforms that support remote workforces, and adopting online peer recognition programme Bonusly.

Currencycloud chief people officer Barbera de Jong-Elder said, “For too long flexible working is just something that’s been paid lip service. We’re not just throwing our weight behind this approach in terms of policy but using this moment as an opportunity to reimagine the workplace, embracing the feedback from our people.”

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