article thumbnail

Bank of America Suffers 'Sporadic' Teller System Outages

American Banker

Consumers flooded Twitter and downdetector.com with complaints that Bank of America's teller system was down Tuesday afternoon.

America 28
article thumbnail

Efficiency now: 8 smart strategy tips

Independent Banker

Consider your branch strategy. Assessing the value of bank branches is an exercise that began long before the pandemic, but vaccine and mask mandates added new considerations to the debate. Why should you, as a community banker, carry [a branch with little business] with all of these headwinds?” Strengthen controls.

Strategy 135
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Gonzobanker

But it’s something every institution needs, and it is the underlying technology that enables our branches, ATMs, phone systems, vendors and Internet to talk to each other. Smaller regional niche networks. OK, OK, telecommunications isn’t sexy to talk about. I get that.

article thumbnail

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., A large majority of community and regional FIs differentiate themselves with outstanding personal service. Incremental Sales.

Video 60
article thumbnail

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., A large majority of community and regional FIs differentiate themselves with outstanding personal service. Incremental Sales.

Video 60
article thumbnail

U.S. Bancorp's Davis: Don't Blame All Banks for You-Know-Whose Problems

American Banker

Cross-selling abuses are not systemic and honest bankers are still important to society, the head of the Minneapolis bank said in an apparent reference to the scandal at Wells Fargo.