The new express branches are meant to help customers with routine transactions like withdrawals and deposits; customers looking for further advice or a loan would be able to connect via videoconference or go to a typical branch; they are looking to serve millennials in a more efficient way and allow them to access bankers and wealth managers through a digital experience using iPads; removing some of the human intensive areas of the bank and making it more self serve will cut down on costs and help to serve the younger, digital customers. Source.
While America remains the richest economy in the world it is also the one where it is the most expensive...
This week we sat down with Michele to talk about the outlook for financial institutions an innovation in the wake of the SVB crisis.
The LendIt team is excited to return to China for our second annual Lang Di Fintech conference on July 15...
Barclays Chief Executive Officer Jes Staley believes that having large headquarters for bankers might be a thing of the past;...
Japanese banks are looking at digital payments due to a recent regulatory change which may bring in more competition; the law will be introduced in phases which makes it easier for depositors to give third parties access to both their accounts and data; it is part of a government push to reduce high cash use in the country; Projects around QR codes, blockchain and digital currencies are currently in the works. Source
Soul Htite (seated in the center in the above photo) is a very brave entrepreneur that has done something remarkable...
Back in the late 1990s and early 2000s there was discussion about consolidation of banks creating a barbell effect, a...
I noticed this article in the New York Times yesterday. The gist of it was that banks literally have too...
HSBC is looking to scale back their operations in the US, mainland Europe and in their investment bank; at the...