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Deutsche Bank shifts branch strategy amid digital adoption

BankInovation

Deutsche Bank completed the IT migration of financial institution Postbank to its network during the third quarter and has decided to shutter nearly half of Postbank’s branches as clients lean into digital banking.

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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? At an average of $1 million per year to operate, the branch is the most expensive per unit channel in banking, given that a good branch serves 2,000 to 3,000 customers.

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The Right Retail Branch Strategy: Amazon-Style Tech or Starbucks Experience?

The Financial Brand

Will the future of retail banking be dominated by Amazon-style digital technologies? The post The Right Retail Branch Strategy: Amazon-Style Tech or Starbucks Experience? Or will those delivering a phenomenal experience like Starbucks win the war? appeared first on The Financial Brand.

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3 Key Factors Driving New Retail Branch Strategies in Banking

The Financial Brand

Banks and credit unions are opening fewer new branches, so they have to be absolutely sure they are picking the right sites, in the right area and in the right markets. The post 3 Key Factors Driving New Retail Branch Strategies in Banking appeared first on The Financial Brand.

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Efficiency now: 8 smart strategy tips

Independent Banker

As we enter budgeting season, the answers might be found in a mix of strategies. 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. By Elizabeth Judd. Connors, Jr.,

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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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Why Financial Institutions Must Overhaul Their Retail Banking Strategies

The Financial Brand

The post Why Financial Institutions Must Overhaul Their Retail Banking Strategies appeared first on The Financial Brand. COVID showed what banks and credit unions are capable of digitally. To keep the momentum going they must rethink distribution and process.