article thumbnail

Online Appointment Setting Will Become the ‘New Normal’ in Banking

The Financial Brand

The post Online Appointment Setting Will Become the ‘New Normal’ in Banking appeared first on The Financial Brand. Banking by appointment went from novelty to necessity during the pandemic. Its impact extends beyond safety to new account growth and more.

Online 37
article thumbnail

Brace Yourself for an Angry Online Mob When Closing Branches

The Financial Brand

When banks and credit unions close branches, consumers will vent their wrath online. The post Brace Yourself for an Angry Online Mob When Closing Branches appeared first on The Financial Brand. Be prepared for a big backlash, or risk losing business.

Online 31
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Research Predicts All U.S. Bank Branches Could Be Shuttered by 2034

The Financial Brand

Consumer data supports the trend, but also highlights online bank weak spots. Bank Branches Could Be Shuttered by 2034 appeared first on The Financial Brand. The forecast is based on state-by-state trends since 2012. The post Research Predicts All U.S.

Trends 43
article thumbnail

10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

Branching is likely your bank’s highest functional cost, just ahead of loan production. At around $75 per year for unique visitors, it’s multiple times more expensive to service customers compared to other alternatives such as online, mobile, or phone. Certain transactions and many problems can only be solved in the branch.

Data 195
article thumbnail

What Will Happen in Banking if Amazon Rolls Out Retail Branches?

The Financial Brand

What prime opportunities would develop if the mega-online-retailer plops its own department stores on the edge of your market? The post What Will Happen in Banking if Amazon Rolls Out Retail Branches? appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

Retail 34
article thumbnail

TD Bank Retools Branch Network While Beefing Up Digital Investments

The Financial Brand

The meaning of 'convenience' evolves as more consumers adopt online and mobile banking but still frequently crave face-to-face meetings. The post TD Bank Retools Branch Network While Beefing Up Digital Investments appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

article thumbnail

Mitigating The Risks of Branch Closures’ Impact on Attrition

The Financial Brand

The best way to slow inevitable attrition is to provide viable alternative channels like ATMs, ITMs, online and mobile long before cutting. The post Mitigating The Risks of Branch Closures’ Impact on Attrition appeared first on The Financial Brand.

ATM 29