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How community banking can successfully compete in the modern era

NCR

Community banking has no future if leadership doesn’t wake to the new competitive reality and adapt some of their strategies and long-held biases in order to compete. Kill Your (Branch) Darlings. There is trendy, and there is trend. The digital convenience American consumers have come to expect is trend.

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

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Branch Transformation: Data Driven Decisions

NCR

However, when customers are planning larger financial decisions, like taking out a mortgage or other loan, setting up investment accounts or seeking general financial advice, they do tend to go to the branch for in-person meetings. Data Driven Decisions. In particular, look at demographics including. Age of customers. Average income.

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What a Hybrid Workplace Means for Banking

The Financial Brand

The post What a Hybrid Workplace Means for Banking appeared first on The Financial Brand - Banking Trends, Analysis & Insights. After working from home for a year most employees don't want to be in-office full time. Here's how financial institutions are adapting.

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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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Are Branch Staff Prepared as Offices Become ‘Advisory Centers’?

The Financial Brand

The post Are Branch Staff Prepared as Offices Become ‘Advisory Centers’? appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Understanding consumers' financial concerns and tailoring advice to those worries means more than sales quotas, J.D Power finds.

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Why Banks Are Barely Keeping Up with Staff Shortages In a Covid World

The Financial Brand

The post Why Banks Are Barely Keeping Up with Staff Shortages In a Covid World appeared first on The Financial Brand - Banking Trends, Analysis & Insights. But there are innovative ways to attract and retain employees.