A Futurist's View of Banking and Technology
Banking Transformed with Jim Marous
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Banks Building Digital-Only Extensions of Their Brands
Chase Bank recently shut down their mobile-only platform and said basically they're going to roll it into their brand platform. At the same time, as is the case in my neighborhood, they're building branches that look like the branch of the 1950s. We've seen about a two to three percent decline in the total branch numbers across the US. But if you take the 15 to 20 percent decline in total branch numbers from the likes of B of A and Wells Fargo over the last 10 or so years, that should be canary in the coal mine an early warning sign for what's going to happen to other banks," he says.
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