Citizens Bank has partnered with the Opportunity Network to provide increased support for business owners; the Opportunity Network is an innovative business-to-business networking platform; it includes 13,500 CEOs and reports approximately $35 billion of deal flow; through the business-to-business platform, businesses can connect with deal support for a number of activities including mergers, acquisitions and new market expansion. Source
As banks look to reassess how to utilize their branch space, TearSheet took a close look at the Citizens Bank branch overhaul; the bank is looking to make the branch into digitally connected community centers; they are looking to reduce their branch footprint by 50 percent over the next decade and look to utilize the spaces they have better; less teller lines, more private meetings rooms and digital tools to help engage the different types of customers. Source.
Citizens Bank has entered into a partnership with Fundation to extend capital to small businesses; Citizens Bank will offer a digital solution so small businesses can apply and get a loan through one process; businesses who don't meet Citizens' credit profile will then be underwritten by Fundation; this is the second fintech partnership for Citizens Bank as they recently entered into a partnership with digital wealth management service SigFig. Source