| Home > Reports > Report 200809101 |
 |
A New Report From Aite Group |
|
|
|
Boston, MA, September 10, 2008
– A new report from Aite Group, LLC looks at how North American banks make technology decisions for the branch channel, and examines the likelihood of banks to replace various types
of branch technology in the next 24 months. Based on a survey of executives at 14 of the top 100 North American banks by number of checking accounts, completed from April to July of 2008,
the report provides insight into the strategies banks will employ in order to improve branch processes and increase revenues over the next two years.
|
 |
The current economic climate has led to declining deposits, troubled loans, and consumers worried about their own finances. Bank executives
now more than ever need to find ways to meet their business goals, which include increasing revenues despite economic conditions. Banks recognize that there are areas in which they can
improve, whether it's in the ability to cross-sell, the ability to effectively price deposits, or in the ability to offer differentiated products. Achieving greater efficiency,
processing more transactions, processing transactions faster, freeing up staff to assist more customers, and improving branch processes are some of the ways that technology can
assist branch executives in meeting these goals.
"Today's branch channel is not light on technology, but purchases and replacements of technologies remain critical," says
Kate Monahan, analyst with Aite Group and author of this report. "Although
branch technology replacement is well underway at North American banks, ample opportunities remain for banks and vendors, alike."
This 20-page Impact Report contains 11 figures and one table. Clients of Aite Group's Retail Banking service can download the report by clicking on
the icon to the right.
|
|
Related Aite Group Research:
|
|
To purchase this report or
for additional information,
please contact:
Aite Group Sales
Tel: +1.617.338.6050
sales@aitegroup.com |
|
