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Why diversity abounds in new branch designs

Celent Banking

It is the rich diversity in approaches taken to the important task of improving branch channel efficiency and effectiveness that makes this topic so fascinating. Retail financial institutions need to possess a number of core competencies to remain successful. There is no single blueprint. Among them is omnichannel delivery.

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Making Banking Easier with Intelligent Branch

Cisco

Whether a retail bank, wealth management firm, credit union, or insurance company with a banking segment, the financial industry is facing dramatic changes on how best to accommodate customers, and what is the appropriate mix between brick-and-mortar bank branches, remote work, self-service ATMs, and digital platforms.

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Podcast: How the OCC’s Premises Proposal Could Hamstring Bank Operations

ABA Community Banking

The post Podcast: How the OCC’s Premises Proposal Could Hamstring Bank Operations appeared first on ABA Banking Journal.

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Citi’s Geolocation Move

Celent Banking

But, that’s just one of a growing number of potentially very useful applications for beacons in retail financial services. Geolocation, in particular, is under-utilized by retailers (especially banks) and remains largely experimental. How far ahead of the industry is Citi? Here’s one data point.

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Two Hallmarks of Successful Branch Transformation Initiatives

Celent Banking

Except for the smallest of community banks, branch channel transformation involves two, concurrent initiatives – the current network and the future network. Most banks appear to associate branch channel transformation with radical changes in the branch operating model. Why’s that?

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Step 5: Create Experiences While most banks worry about their branch layout to optimize traffic flow, Gentle Monster took a whole different approach and optimized their branches for attention. Each store is closer to an art exhibit than a retail outlet. Gentle Monster employs 100 people just focused on store design.

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What Retailers can Teach FIs About Marketing

ForwardBanker

Many financial institutions don’t want to admit it, but the truth is simple – financial institutions are retailers. If you are not operating that way, you are missing key opportunities to engage with consumers and provide them solutions based on their needs. Think about it.

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