This Week’s Reads: Branch Tellers, Fee-Free Banking, Legislation

Below are interesting stories the Banking.com staff has been reading over the past week.

Articles via Forbes, Business Insider, ZDNet, and American Banker.

  • A new fee-free mobile bank: Is the U.S ready for a banking revolution? With no physical branches, and no fees, BankMobile wants to streamline retail banking into a simple mobile experience.
  • Bye, bye, branch tellers: Based on JPMorgan Chase data, ATM and mobile deposits jumped significantly in the last eight years. While deposits involving human tellers dropped.
  • Organizations must implement an omnichannel solution: Customers today are increasingly ‘mobile’, quite demanding, educated about purchase choices, and interact when it’s convenient using their preferred channels
  • An easy legislative fix that could save community banks: The former chairman of the Federal Deposit Insurance Corp. is calling for a legislative solution she argues could significantly diminish regulatory burden on community banks.

What have you been reading? Let us know in the comments section below or Tweet @bankingdotcom.

Written by Banking.com Staff