Dramatic changes in branch banking are stressing the profitability of financial institutions, yet a recent survey from Fiserv shows 55 percent of financial institutions want to grow their market footprints. By evaluating branch optimization using data analytics, financial institutions can analyze key metrics to ensure that existing and future offices are in optimal locations.
Your financial institution wants to expand its footprint to grow wallet share, yet consumers are increasingly turning to non-branch channels for day-to-day financial transactions. This raises an important question: How do you make branches more profitable? Data-driven branch optimization evaluation will uncover the answers. By identifying strengths and weaknesses, a financial institution can clearly pinpoint opportunities for profitability enhancement upon which ongoing strategic and tactical plans can be developed. Areas of focus include: