PNC Bank will invest $1 billion to open more than 100 new locations and renovate 1,200 existing ones through 2028. The bank currently has about 2,300 brick-and-mortar locations across the country, PNC Bank said in a Wednesday (Feb. 14) press release. With this investment, the...
JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. The country’s largest bank is planning to open several new branches, Reuters reported Monday (Dec. 11), going against a nationwide trend as consumers shift to digital banking. “Branches have been a winning strategy...
Lloyds’ digital refocusing has reportedly placed more than 2,500 jobs at risk. The British banking giant is planning to review thousands of middle management roles, the Financial Times (FT) reported Sunday (Nov. 26), citing a source familiar with the matter. The report also noted that Lloyds —...
The definition of a bank was more or less unchanged for centuries. Then, within a matter of a few years, the old definitions have become more of a starting place than a final destination. Austere institutions that seemed impervious to change are reinventing themselves fast,...
February 13, 2020
To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. In an interview with Karen Webster, Douglas Brown, senior vice president and general manager of NCR Corporation, said the growth of mobile banking adoption and financial inclusion means traditional financial institutions (FIs) must re-examine how […]
May 10, 2019
It is hard to argue, after five decades in existence, that the ATM hasn’t been an overwhelming success as financial products go — in fact, it has changed the face...
February 26, 2019
Trust is inherent in banking, and has been since the beginning, when people decided to store coins and bills in vaults. Entersekt SVP of North America Sherif Samy explains why pairing...
May 17, 2018
It used to be about the bars and bulletproof screens that separated tellers from banking customers and set a tone of security and trust. But that’s changing in the digital...
May 03, 2024
Several banks have reportedly expanded their retail footprint into airport terminals. These bank branches in airports offer convenience, comfort and a range of financial services to existing customers, while also serving as a platform for banks to engage with potential new ones, CNBC reported Friday (May 3). Brands like Fifth Third Bank, Capital One and Wells Fargo have embraced this concept, creating airport […]
February 14, 2024
PNC Bank will invest $1 billion to open more than 100 new locations and renovate 1,200 existing ones through 2028. The bank currently has about 2,300 brick-and-mortar locations across the...
December 11, 2023
JPMorgan is reportedly overhauling branches acquired in the collapse of First Republic Bank. The country’s largest bank is planning to open several new branches, Reuters reported Monday (Dec. 11), going against...
November 26, 2023
Lloyds’ digital refocusing has reportedly placed more than 2,500 jobs at risk. The British banking giant is planning to review thousands of middle management roles, the Financial Times (FT) reported Sunday (Nov....
