Ron Shevlin from Cornerstone Advisors calls banks payment motels. This article from the Financial Brand lays out why banks need an edge to compete as dollar outflows crippling to the institutions acting as primary in a customer’s financial world. As consumers gravitate to more service and personalized financial options (especially Gen Z), banks need to reimagine product offerings and overhaul product and community branding.accordingly. The Metro Pulse hyperlocal media banking ecosystem can help. We have the plan.
https://thefinancialbrand.com/news/banking-products/reclaiming-deposits-lost-to-fintechs-demands-new-thinking-on-bank-products-190955