Tuesday 30 April 2013

Rise of the Branchlet

“Despite the hyperbole, the future of the bank branch is far from bleak.

It’s actually in a rapid state of mutation, evolving into two distinct species. The first, and most familiar, is located in vibrant, upscale geographies. It’s reaching higher, both physically with its shimmering glass walls, as well as economically, with its mortgage and lending services.

The newer, lesser known offshoot is reaching into narrow crevices of society’s side streets, leveraging smaller footprints and robust self-service and teller-assist technology, enabling cash-based populations to conduct their lifeline transactions, such as check-cashing, money transfer, bill pay, etc.”

 
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