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Friday, June 9, 2023
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Tag: branches

Monzo has attracted most people who switched their accounts

Monzo bank attracted the biggest amount of account switchers in the final three months of last year according to the most recent data.

“Paper money will largely disappear in the next couple of years.” Says Anne Boden of Starling

With regard to the coronavirus crisis, Boden is sure this will bring the demise of cash money. But she is also aware that this doesn't just bring benefits as it comes with other challenges.

“Imagine no branches” Nearly 70% of bank branches to disappear in the next 10 years

The Covid-19 outbreak is having irreversible impacts on the banking industry already. Above all, it forces banks to shut their branches. And digital challengers such as N26 are quick to jump on the opportunity to change customer behaviour for good.

JPMorgan Chase closed 1000 branches

JPMorgan Chase closes approximately one-fifth of its bank branches to help to stop the spread of COVID-19.
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