Since its introduction in 1967, the ATM has become ingrained in society. According to the RBR “Global ATMs and Market Forecasts to 2020” report, the number of installed ATMs worldwide reached three million in 2014, and is expected to increase to more than four million by the end of 2020. Originally brought in to reduce...Read More
Yes, it is possible to transform older, inefficient branches into modern, profitable showcases for financial services. An abandoned machine shop becomes a brew pub. An old train station gets a second life as an Internet café. Shipping containers are converted into cozy tiny houses and stacked to create eye-catching office buildings. Call it creative repurposing....Read More
By: Raja Bose As I outlined recently in Banking Automation Bulletin, our physical and digital worlds are converging faster than ever. We’re witnessing the global rise of tech-native consumers who can – and do – set a very high bar for brand experiences. With access to so much information whenever and wherever they want, they’re making decisions and...Read More
Having concluded another 365 rotations, the planet and its three million or so ATMs are already counting down the next 366 (it’s a leap year, remember). But before closing the book on 2015, we asked ATM industry stakeholders and observers to tell us what they view as the past year’s biggest developments — and what they see in the stars for 2016. Here’s what...Read More
The top ten banking trends for 2016 will include technology-transformed branches, more targeted branch closures and increased use of digital technology. 2016 is looking to be one of the most transformative years in financial services in decades. Disruptive competitors are growing, digital and mobile continues to evolve, branches look more and more like Apple stores...Read More
Community banks play a key role in their local communities by offering traditional banking services to households and lending to nearby small businesses in the commercial, agriculture, and real estate sectors. Because of their close relationship with small businesses, they drive an important segment of economic growth. In fact, compared to all other banks (and...Read More
By: Chris Gill Posted: January 6, 2016 Community banks face some big challenges. They have to remain relevant in the face of fierce competition, while still retaining the rich customer relationships they’ve built as fixtures in their neighborhoods. For these financial institutions, dropping in new technology might solve a short-term problem, but it’s not a strategic...Read More
