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Two Species of Bank Branches Are Emerging

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The evolution of the bank branch, discussed. Read more here.

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U.S. Government Move to Electronic Payments Advances Financial Capability | CFSI

U.S.Government Move to Electronic Payments Advances Financial Capability Study Reveals Importance of Product Choice and Functionality WASHINGTON DC - (March 28, 2013) - The Center for Financial Services Innovation (CFSI) and Hudson Institute...
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New Technologies Are Coming for Unbanked, Underbanked ...

And 20.1 percent of U.S. households have bank accounts, but rely on alternative channels for financial services (e.g., check-cashing, payday loans and money orders), up from 18.2 percent in 2009.
Nexxo Financial Corp's insight:

Our friends at Centris Federal Credit Union (@CentrisFCU) are mentioned.

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Complex Consumer Protection Laws Keep Small Banks from Serving Unbanked

Complex Consumer Protection Laws Keep Small Banks from Serving Unbanked | Alternative Financial Services | Scoop.it
More needs to be done to reduce the compliance burden so these banks can fully serve their communities.
Nexxo Financial Corp's insight:

This is a major reason why #fintech startups exist.  They enable large incumbents to experiment with new products and services without jeopardizing their standing with regulators.

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Towns See Banks Cut Back Branches

Towns See Banks Cut Back Branches | Alternative Financial Services | Scoop.it
Following years of nearly unchecked expansion, financial institutions across the U.S. are closing thousands of outposts, as pressures mount to cut costs and more customers embrace online and mobile banking.
Nexxo Financial Corp's insight:

Branches too expensive to operate, #branchlets needed.

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