Branch Strategies Archive
Evaluating the future of branch delivery goes beyond technology upgrades to include all elements of an enhanced consumer experience.
This guide can help financial institutions figure out whether they should close, keep, consolidate, modify or move their branch locations.
The future of branch transformation in banking must go beyond cost reduction and automation to include improved customer interactions.
A new Digital Banking Report entitled, 'Bricks+Clicks: Building the Digital Branch,' provides insight into how branch banking must change.
The FDIC erroneously concludes that high numbers of bank branches are justified despite significant drops in branch transactions.
Using the latest in digital technology, mBank's new branch design reduces costs, improves consumer engagement and increases sales.
Retail branches have evolved from their primarily transactional roots to support a better multi-channel sales and service experience.
Today's bank branch is outdated and inefficient. To succeed, a rethinking of the foundation of branch delivery needs to take place.
It is hoped that the cross-trained 'universal banker' will provide the best in transactional and customer service functionality for banking.
As financial institutions develop versions of the branch of the future, these seven strategies will improve the likelihood of success.
The concept of 'bring your own device' (BYOD) is new to banking but is in response to new technology and expectations of digital consumers.