Bancography的动态

JPM Chase significantly expanding their branch network with 500+ new branches and revamping 1700 more over the next 3 years. This will not only create 3500 jobs but also aims to deepen community engagement and enhance consumer banking services, focusing on reaching underserved communities. Why? Deposits. Focusing on market coverage, new builds have contributed significantly in terms of deposit growth for JPM Chase (~85B deposit growth since 2017 from branches < 10 years old). With a break-even of ~ 4 years. Growth engine that can't be ignored. https://lnkd.in/efb4jng4

Branch Banking: Still Relevant and Important Despite the rise of online banking, physical branches remain crucial. Chase’s plan to open 500+ new branches and hire 3,500 employees over the next three years is a testament to this. Branches offer personalised advice and support for complex financial decisions, enhancing the digital experience rather than competing with it. Other banks like Bank of America, Wells Fargo, and PNC are also investing in their branch networks. Branch banking is evolving, not dying, and continues to be a vital channel for many customer segments #branchbanking #customerexperience #digitalchannels #microsoftadvocate https://lnkd.in/eK_byvqV

There is a lot to learn from this article on what Chase is doing to create a community bank push into different markets. For community banks, it is a reminder of the fundamentals of location, service, education, flexibility and responsiveness that will allow community banks to compete and succeed against the mega banks. #communitybanks #bankmarketing #bankbranding. https://lnkd.in/e3TaZGtA

Interesting #financialinclusion move by JPMorgan in the US: 100 new bank branches will open in Low-Income Communities. “This is not just ‘do-gooding,’ this is business,” outlined CEO Jamie Dimon. These new branches will include the fundamentals — tellers, ATMs, etc. — but also offer services for small businesses and host financial literacy workshops. They will be staffed by staff who have a background of working with community organizations. This forms part of JPMorgan’s broader strategy to increase its physical presence in the US, a market where the Federal Reserves estimates that ??banking deserts?? impact 12 million Americans. https://lnkd.in/gND74zrT Marjolaine Chaintreau Barbara Magnoni Garance Wattez-Richard

As consumers move away from "forever homes" in banking and average at least 7 mobile apps on their phones, it's essential for financial institutions to stay updated with the latest technology trends. Despite the potential, mobile apps aren't fully leveraged for cross-selling and deepening customer relationships. While banks discuss omnichannel strategies, customer preferences are shifting across different channels. A recent Javelin survey of 10,000+ consumers revealed that 22% don't consider their primary bank for certain activities, and 23% are unsure if their bank offers these services. This article explores how banks and credit unions can keep their mobile apps relevant. Your thoughts and comments are welcome.

In the realm of banking and consumer insights, JPMorgan Chase's CFO, Bori Deak Cox, gives us a masterclass on leveraging data to steer strategic decisions. With insights from 80 million Americans, they're not just observing trends—they're ahead of them. ?? Wage growth, robust cash buffers, and evolving consumer behaviors mark the post-pandemic landscape. This isn't just about numbers; it's about understanding the heartbeat of the economy through the lens of consumer behavior. ???? JPMorgan Chase's data-centric approach, melding traditional banking with cutting-edge insight tools, exemplifies how financial institutions can not only survive but thrive amidst rapid change. It's a testament to the power of data in crafting customer-centric strategies. #BankingInnovation #ConsumerInsights #FinancialTrends

JPMorganChase has warned customers of increased charges for everyday services due to regulation changes. Earlier this year Heitmeyer discussed the potential ramifications of new restrictions implemented by the Consumer Financial Protection Bureau. Chase is one of the first banks to openly warn of the impacts to their customers. #banks #banking #creditcard #regulations #finance #financialnews #bankingnews https://lnkd.in/eCC5bD5B

This assessment of the future of bank deposits was written in 2022. I am very curious what industry professionals like Agusta Patton, Pete Gilchrist, Glenn Grossman, Sean Payant, Scott Earwood, Achim Griesel, Sam Kilmer, Rutger van Faassen, Tom Hershberger, Kyle Hershberger, Jeff Marsico, Preston Afrank, Karen Gilhooly, Marisa Reynolds, Ron Shevlin, Tony Baumgardt, Gerard Colaluca, Matt Self, Steve Wofford, and Dave McNab CPA, CA think of how well the content of this post has matched reality to date and what they think the future will look like. #communitybanking, #deposits #design #strategicgrowth

JPMorganChase plans to open 100 new branches in banking deserts, areas traditionally underserved by financial institutions, as part of a broader strategy to expand its community banking footprint. This initiative aligns with the bank's goal to "democratize" banking by providing physical branches staffed with real people to low- and moderate-income areas. Jamie Dimon, JPMorgan's CEO, emphasizes that this move not only addresses financial inclusion but also represents a business opportunity, with potential for tapping into small-business markets in these underserved regions. This expansion is part of JPMorgan's broader plan to open 500 new branches, renovate existing locations, and hire thousands of new employees in the coming years. #jpmorganchase