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Branching Out: Can Banks Move From City Centers to Digital Ecosystems?

Download the Economist Intelligence Unit (EIU) report today to find out invaluable insights on the future of the banking industry.

Branch-based banking will be “dead” within five years.

That’s according to a new report by the Economist Intelligence Unit (EIU) entitled “Branching out: can banks move from city centres to digital ecosystems?”

The report incorporates data from over 300 senior global banking executives. Key findings include:

  • 65% of bankers believe that the branch-based model will be “dead” within five years, up from 35% four years ago
  • Four in five believe that banks will seek to differentiate on customer experience rather than products
  • 47% expect their businesses to evolve into ecosystems over the next two years, partnering with both banking and non-banking third parties
  • Two-thirds of banks see new technologies as the biggest driver of change for the next four years, up from 42% three years ago.

Download the report today to find out more invaluable insights on the future of the banking industry.

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