- The novel coronavirus pandemic has led to limitations on society that have hampered commerce and the ability of industries to sell their products
- Fintech solutions developer PowerBand Solutions is positioning itself to meet the needs of an auto industry hammered by the pandemic’s distancing protocols with cloud-based purchase, sales, lease and auction innovations
- The company provides a responsive technology platform that facilitates financing, inventory, and even inspections management
- Industry analysts are predicting the need for such solutions to enable remote transactions will be ongoing regardless of the duration of the pandemic’s peak activity
- PowerBand has obtained at least $10 million in financing commitment as a show of confidence in its development
The novel coronavirus has thrown down the gauntlet to businesses worldwide, challenging them to prove claims they’re innovative and adaptive at responding to the demands of an ever-changing society. Social distancing, orders to shut down non-essential business activity and stay-at-home quarantine policies have had an effect on virtually all industries worldwide as a result of the COVID-19 pandemic, and now it’s up to those businesses to decide if they’ll resist social protection policies amid their downward spirals or find innovative ways to forge ahead.
The auto industry has weathered a variety of economic challenges, historically, and this newest challenge is turning traditionally brick-and-mortar dealership operations toward a strengthened digital retailing experience that…
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