FINANCE WEBINAR : LIFE LED BANKING TAKEOUTS
If you missed our latest finance webinar, Life-Led Banking, exploring how the role of branches have changed within the new model for retail banking – check out some of the key takeouts here! The need to re-think and re-design retail bank customer experience is exemplified by the transformation of branches within the mix of channels… This transformation goes across their purpose, their nature, their locations, what customers expect from them and their very raison d’etre in the post-covid landscape ‘Traditional’ banks, due to the impact of digitisation, well before covid-19 were facing two alteratives… Banks can either reduce costs, by shutting stores and concentrate on digital or embrace change and revise the fundamental role of physical spaces. THE COVID-19 EFFECT: ACCELERATION AND AMPLIFICATION OF THESE OVERARCHING CONSUMER TRENDS AS A RESULT OF THE PANDEMIC Technology: IN THE FIRST 2 WEEKS OF UK LOCKDOWN, THE NUMBER OF PEOPLE SHOPPING ONLINE ROSE TO LEVELS NOT ANTICIPATED FOR