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Outlook 2021: Banking Industry Trends & Challenges

The Financial Brand

The pandemic's impact has sharply revised the future of community and midsize institutions. The post Outlook 2021: Banking Industry Trends & Challenges appeared first on The Financial Brand. Costs, revenues, distribution are all in flux.

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The ‘Primary Financial Institution’ Concept Is Dead… Now What?

The Financial Brand

The highly digital yet personal strategy of one community institution points a way forward. appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Fragmented relationships are the new reality. The post The ‘Primary Financial Institution’ Concept Is Dead… Now What?

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Here Are 8 Inspired Ideas from Other Industries that Banks Should Use Too

The Financial Brand

The post Here Are 8 Inspired Ideas from Other Industries that Banks Should Use Too appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Innovative minds in other industries have come up with terrific ways to improve customer experience that banks and credit unions can borrow.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Honkook Kim and his Gentle Monster Brand is a perfect example. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. At the time, Luxottica was taking advantage of the small glasses trend, as seen in the picture on the left.

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

Jeff For Banks

I think banks are closing branches for one reason: to cut costs and prop up their earnings and boost their stock price." Although the trend is decidedly in that direction. I also believe that branches can be developed as competitive advantages for community financial institutions. I will give the branch doomsayers that.

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New Competition Forcing Smaller Banks to Try (Almost) Anything

The Financial Brand

But the unwillingness to reconsider branch dependency could be a millstone. The post New Competition Forcing Smaller Banks to Try (Almost) Anything appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

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Should Financial Institutions Require Employees to Get Vaccinated?

The Financial Brand

appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Half the U.S. population is fully vaccinated, but worries and confusion grow over a Covid variant. Here's how some banks are reacting. The post Should Financial Institutions Require Employees to Get Vaccinated?