This Week’s Reads: Underbanked, DIY Banking, Community Banks

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

Articles via American Banker, Bankrate, Financial Brand and Bank Innovation

  • Rush to serve the underbanked spurs innovation: With the race between financial institutions to become the most innovative heating up, consumers and financial institutions alike are becoming more aware of the effects innovation is having on the industry. Those who are unbanked and underbanked are especially seeing these changes.
  • Will your phone replace an ATM card?: It’s hard to imagine going to an ATM and not typing in your PIN. However, those days just may soon be far into the past.
  • Delivering More Than DIY Banking: While the DIY, or do-it-yourself, banking model may have worked in the past, today’s consumers expect technology to help them with all aspects of their lives and banking is no exception.
  • Is there hope for community banks?: A recent survey found that Americans feel very positively about community banks and credit unions. However, despite this data, most Americans don’t do their banking with a community institution.

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

Written by Staff