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

Gonzobanker

Centralized locations can also be strategically placed for the benefit of recruiting and retaining better talent than might be available in certain branch locations/geographic regions (e.g., rural or expensive urban markets). It requires a business case that is part of the FI’s branch of the future strategy.

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

Gonzobanker

Centralized locations can also be strategically placed for the benefit of recruiting and retaining better talent than might be available in certain branch locations/geographic regions (e.g., rural or expensive urban markets). It requires a business case that is part of the FI’s branch of the future strategy.

Video 60
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Repeat After Me: ‘I Will Not Overspend on Telecom’

Gonzobanker

Market Commoditization: Every seven or so years a new technology emerges in the telecom space. These vendors own their networks, have retail and wholesale sales teams, and manage a fleet of service folks to keep the lights on. Smaller regional niche networks. Is employee Internet usage managed?

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How Much Is JPM's Deposit Juggernaut Hurting Smaller Banks?

American Banker

It could be a sign that megabanks are indeed stealing market share from regional and community banks. JPMorgan posted strong gains in consumer deposits and mobile users, and other big banks are expected to do the same.

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'Safe' Accounts for Unbanked on Rise; Do They Do Much Good?

American Banker

Skeptics are questioning how many Americans are benefiting from these products, and want banks to do more to market them. Bancorp is the latest big bank to offer an overdraft-free account.

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More BB&T Branches to Close Before Yearend

American Banker

The $222 billion-asset company has not yet publicly stated the number of branches or markets to be affected, but it "would be closing and consolidating some branches in early December," BB&T spokesman David White on Monday.