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Seeking Banking Balance Between Physical And Digital

PYMNTS

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. Results also noted this generation is less likely to open a bank account if physical bank locations are not available in their communities.

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37 Corporate Innovation Labs In Finance

CB Insights

Mastercard Labs partners with other divisions around the company, including the Innovative Products team, to quickly develop products that push new commerce solutions. Its also expanding its regional focus too, with a recent announcement that the labs will invest more into R&D in India.