"Banks are closing branches around the United States as the consumer banking model shifts. Many have begun focusing their efforts and technology on their mobile banking offerings, and investors could benefit from owning the banks with the best apps.
Let's look at who's doing the best job so far with the new technological wave.
The 'Consumers and Mobile Financial Services 2013' study from the Federal Reserve released this past March found mobile banking adoption among consumers in the U.S. was at 29%, up from 21% last year." Continue Reading
Showing posts with label branch closing. Show all posts
Showing posts with label branch closing. Show all posts
Thursday, October 17, 2013
Jeff Gelles: PNC 'concept branch' integrates technology
"A common frustration during the Internet era's version of the Cambrian explosion - the sudden appearance, in the six years since the iPhone's launch, of about a million mobile apps - boils down to this: We've developed this amazing thing. How do we get people to try it?
It's a huge challenge for a small inventor.
But even the largest businesses don't find it easy, which may explain why something new popped up recently on Route 202 in Malvern: a PNC "concept branch" that showcases how the $300 billion bank hopes to integrate technology into a business bound by hundreds of years of tradition." Continue Reading
But even the largest businesses don't find it easy, which may explain why something new popped up recently on Route 202 in Malvern: a PNC "concept branch" that showcases how the $300 billion bank hopes to integrate technology into a business bound by hundreds of years of tradition." Continue Reading
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