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Traditional high street banks are experiencing a shake-up during COVID-19; with customers heavily reducing their use of legacy banking channels and digital banks seizing market share with innovative digital-first solutions. HSBC recently announced staff redundancies nationwide and bank closure rates will continue to rise as 40,000 more banks are expected to close within the next
We are seeing an increase in campaigns to protect access to cash given that last year alone UK cash machine withdrawals dropped by over a third. To stay relevant and competitive, banks must find innovative ways to guarantee ATM availability. Our blog investigates ways this can be achieved. 1. Contactless ATMs COVID-19 has accelerated digital
To say that 2020 has been eventful would be an understatement. No one could have predicted how these last 12 months would pan out and how big an impact the coronavirus pandemic would have on the whole economy and specifically on the financial sector. Looking at what the banking industry has in store for this
As a leading European supplier of technological solutions for omnichannel banking and payments, Auriga couldn’t possibly miss the key industry events of the year, which all became virtual to adapt to COVID-19 restrictions. We discussed how the ATM infrastructure, lean bank branches, and cybersecurity innovations are digitally transforming banks’ strategies. The pandemic has created lots
