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Why diversity abounds in new branch designs

Celent Banking

While institutions may be aligned on the importance of getting on with branch channel transformation, there is much diversity of thought around what this actually means. Most banks appear to associate branch channel transformation with “radical changes” in the branch operating model.

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Podcast: How the OCC’s Premises Proposal Could Hamstring Bank Operations

ABA Community Banking

The post Podcast: How the OCC’s Premises Proposal Could Hamstring Bank Operations appeared first on ABA Banking Journal.

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Making Banking Easier with Intelligent Branch

Cisco

Operational Excellence is also vital to reduce and simplify on-prem devices, and reduce energy required to operate customer IT facilities. Financial institutions are now working to build intelligent branches. The intelligent branch is designed to execute business with new efficiency.

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Two Hallmarks of Successful Branch Transformation Initiatives

Celent Banking

Except for the smallest of community banks, branch channel transformation involves two, concurrent initiatives – the current network and the future network. Most banks appear to associate branch channel transformation with radical changes in the branch operating model. Why’s that?

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Citi’s Geolocation Move

Celent Banking

Getting its branch operations, mobile product management, IT and LOB leadership aligned represents real commitment to innovation. In my view, the most impressive aspect of this initiative isn’t so much Citi’s pushing the technology envelope; it’s the organizational effort that was likely required.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

months, including an annual operating cost. Add cross-selling, the value of current customer retention, and social media, and this might be your new branch model. Suppose a bank converts 400 of those customers into new accounts with an average profit of $230 per year (considering all their retail accounts).

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Data Dive: FedEx Competes, BoA Automates And Hackers Hack … Everyone, Including Each Other

PYMNTS

Speaking of responding to feedback… Bank Of America And The Automated Branch. In an attempt to build banking and financial services products for literally everyone, Bank of America is experimenting with a fully automated branch design. that feature no human employees — except those accessed via a screen.

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