Do Banks Need Branches in the Digital Age?
As banking becomes increasingly digital, one question continues to plague retail financial institutions: Do we still need branches?
As banking becomes increasingly digital, one question continues to plague retail financial institutions: Do we still need branches?
Most consumers still visit branches regularly, proving that branch banking continues to play a critical role in the delivery of retail financial services.
Mobile banking has taken off, but the gravy days are over. Getting more consumers to abandon branches for mobile will take serious work.
Banks around the world are rolling out robots in branches. Are these electronic greeters undermining the personal touch branch users crave?
As more consumers move to mobile and online channels, banks and credit unions must integrate physical facilities with digital capabilities.
Yes, more people are using mobile banking apps. But that doesn't mean it's time for banks and credit unions to kill their branches.
Would Capital One really keep opening as many of their signature cafes as they have planned if the concept wasn't working?
Most digital account opening processes still require a customer's ability to visit their local bank branch.
A few years ago, Radius Bank had six branches. Today it has only one. How did they pull off this massive transition to an all-digital model?
Study exposes the tension between old and new delivery channels: branches vs. digital. Are consumers really ready to ditch bricks for clicks?
These things are certain: consumers are glued to their phones, and branch traffic is down. But here are six ideas fusing the two issues together.
Few topics in the banking industry ignite a more fiery debate than the subject of branches. Do they have a future? If so, what is it?
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The mobile channel continues to gain traction, but satisfaction levels and word-of-mouth referrals are linked with the branch experience.
A study finds bank customers using digital banking channels are more loyal than those using branches who are more susceptible to switch.
Branch banking is still preferred by many consumers, suggesting the omnichannel experience will be built on bricks as much as clicks.
Many financial institutions have their hands tied with outdated, transaction-centric branch delivery models. Here's what needs to change.
There are two types of people in banking: those who believe financial institutions should abandon branches, and those who believe the data.
A collection of some of the most exciting international "branch of the future" concept designs in banking.
Vernon Hill said "no one wants a relationship with a computer screen." That may be true, but no one wants a relationship with a brick either.
The use of pop-up branches and social media by Wells Fargo provided a low-cost way to introduce and promote their Apple Pay partnership.
Mobile banking is forcing financial institutions to rethink their branch networks, so you need to start viewing consumers differently.
Tablets like iPads have the potential to transform your branch experience. Here are 14 insights to help get your creative juices pumping.
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