{"id":10268,"date":"2018-07-20T17:06:48","date_gmt":"2018-07-20T17:06:48","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=10268"},"modified":"2018-07-20T17:06:48","modified_gmt":"2018-07-20T17:06:48","slug":"despite-new-technology-customers-still-open-accounts-at-branches","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/despite-new-technology-customers-still-open-accounts-at-branches\/","title":{"rendered":"Despite new technology, customers still open accounts at branches"},"content":{"rendered":"<p>Most predictions hold that the future of banking is digital, and financial institutions of every size now offer customers digital ways of opening accounts. Yet according to a new J.D. Power retail banking survey, most customers (even millennials) prefer opening an account at a physical branch. This is due to financial institutions struggling to make digital onboarding clear and quick, confusing and frustrating potential customers with product options and the other necessities to open an account. In fact, most financial institutions need not only to provide digital solutions to the services they offer but also update and streamline their behind-the-scenes processes to match a digital world. With customers becoming increasingly digital however, it is likely that digital onboarding will only get more simplified and faster in the near future.<\/p>\n<p>The survey also revealed that 42% of customers that conduct banking operations at a physical branch expressed that were not likely to switch financial institutions, whereas this figure was only 31% among those that conduct banking transactions online. For now, it seems that a combination of digital and physical will create the most balanced, healthy relationship between financial institutions and their customers.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-10268 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Infographic: digital banking customers'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-digital-banking-customers\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/0a69a5f3eca9016cf51b3457ad504784-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8912\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8912'>\n\t\t\t\tInfographic: digital banking customers\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (October \u2013 November 2022)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-october-november-2022\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2022\/11\/Bj8GFM1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16887\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16887'>\n\t\t\t\tBFC FinTech Monitor (October \u2013 November 2022)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The changing landscape of banking \u2014 mobile banking &#8220;swallows&#8221; traditional banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-changing-landscape-of-banking-mobile-banking-swallows-traditional-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/04\/Digital-banking-concept-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3688\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3688'>\n\t\t\t\tThe changing landscape of banking \u2014 mobile banking &#8220;swallows&#8221; traditional banking\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Most predictions hold that the future of banking is digital, and financial institutions of every size now offer customers digital ways of opening accounts. Yet according to a new J.D. Power retail banking survey, most customers (even millennials) prefer opening an account at a physical branch. This is due to financial institutions struggling to make &hellip;<\/p>\n","protected":false},"author":5,"featured_media":10269,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[194,77,35],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10268"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=10268"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10268\/revisions"}],"predecessor-version":[{"id":10402,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10268\/revisions\/10402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/10269"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=10268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=10268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=10268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}