Barclays Could Close Branches Amid Mobile Banking Growth

Jenkins noted the rise in mobile banking and the need to trim costs as some of the motivations behind the idea.

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“The implication of [the mobile banking] shift is that the traditional branch model and other points of contact will become less important to customers as part of the service mix over time,” Jenkins said, according to the media outlet.

To learn more about Barclays and how mobile is affecting its business model, read the full report here.

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