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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. So should your branches. million today.

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How community banking can successfully compete in the modern era

NCR

Consider having your entire leadership team attend banking school, or even building your own banking-curriculum training program for employees to ensure your team not only has a solid skillset, but also speaks the same industry language. Kill Your (Branch) Darlings.

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Talking in a Digital World

Independent Banker

Certainly for the largest banks, contact centers are evolving into digital retail centers, managing new digital channels to handle more customer support activities previously conducted in-person at branches. The number of transactions processed per branch dropped 14 percent over the same time period.

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How About Profits in the Branch of the Future?

Jeff For Banks

But let’s not forget that we have past experiences with a “light branch”; namely the declining in-store branches. These branches were notorious for being low-balance transaction-oriented branches that did not enjoy great success. mBank’s light branch depicted above is located in a mall.