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What COVID-19 Might Mean For Your Branch Strategy

South State Correspondent

Between the interest rate environment over the past several years, the increase in digital spend, and the quest for greater operating leverage, banks can no longer afford large branch structures and still return their cost of capital. As such, most every bank will be forced to rethink its branch strategy.

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Chatbots and Cafés: How Capital One Balances Digital, Physical Banking

The Financial Brand

The big retail bank's experience proves a digital + physical strategy not only works, but could be the key to capturing Gen Z. The post Chatbots and Cafés: How Capital One Balances Digital, Physical Banking appeared first on The Financial Brand.

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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

The advent of generative artificial intelligence is about to shift branch strategy again to re-raise the question – how can we get the most out of our branches? Likely, it might be a combination of the above, but setting a branching strategy should dictate capital allocation, branch layout, marketing, and staffing.

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Taking A Pass On Passwords

PYMNTS

As it turns out, even if one did everything just right — following the instructions and creating a host of passwords full of letters, numbers, symbols and random capitalization — the result would likely be exactly the wrong kind of password. The document is also the source of the guidance encouraging consumers to change passwords regularly.

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Fintech'ers Will Be Right on Branching. Unless Bankers Act.

Jeff For Banks

I also believe that branches can be developed as competitive advantages for community financial institutions. Much like the credit union CEO thinks his branching strategy differentiates his CU. But, as our current strategy execution stands, there is much work to be done. The red: millennials. They are under 21 years old

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Are Video Teller Machines the ‘Branch of the Future?’

Gonzobanker

As banks and credit unions continually strive to find efficiency and differentiation in their branch networks, many are wondering if they should invest in video teller machines (aka interactive teller machines). ITMs require a significant capital investment, and investing in these machines has become a popular and controversial topic.

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Are Video Teller Machines the ‘Branch of the Future?’

Gonzobanker

As banks and credit unions continually strive to find efficiency and differentiation in their branch networks, many are wondering if they should invest in video teller machines (aka interactive teller machines). ITMs require a significant capital investment, and investing in these machines has become a popular and controversial topic.

Video 60