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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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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Honkook Kim and his Gentle Monster Brand is a perfect example. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. Being months away from bankruptcy, Kim launched a bold five-step plan driven by a strategy around innovation.

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Empty Branches Do Not Help a Community

The Financial Brand

Visits to branches continue to decrease, reducing the value to a community. There are better ways to enforce CRA guidelines than branch count. The post Empty Branches Do Not Help a Community appeared first on The Financial Brand.

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Digital Banking’s COVID Boom Drives Branch Transformation

The Financial Brand

But branches are being reborn amid a new sense of community. The post Digital Banking’s COVID Boom Drives Branch Transformation appeared first on The Financial Brand. Digital channels won the race for convenience.

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The ‘Primary Financial Institution’ Concept Is Dead… Now What?

The Financial Brand

The highly digital yet personal strategy of one community institution points a way forward. appeared first on The Financial Brand - Banking Trends, Analysis & Insights. Fragmented relationships are the new reality. The post The ‘Primary Financial Institution’ Concept Is Dead… Now What?

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What GameStop Can Teach Banking About Digital Disruption

The Financial Brand

GameStop provides lessons for the banking industry on digital transformation and potential impact of a distrusting community. The post What GameStop Can Teach Banking About Digital Disruption appeared first on The Financial Brand.

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Outlook 2021: Banking Industry Trends & Challenges

The Financial Brand

The pandemic's impact has sharply revised the future of community and midsize institutions. The post Outlook 2021: Banking Industry Trends & Challenges appeared first on The Financial Brand. Costs, revenues, distribution are all in flux.

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