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Revenue - Banking Exchange
Banks are having to reconsider the role physical branches play in a world of digitized customer experiences
They’re enabling exciting new business initiatives that will help them increase revenue, enhance customer service quality and streamline service delivery
Facing unyielding competition from new players, banks are on a quest to optimize customer profitability
Data indicates that banks have earned more than $20 billion in fees from processing PPP loans so far
While traditional lending struggles with slow growth a niche lending business is experiencing huge momentum
$37.4 billion worth of M&A deals completed in Q4 brings FY2019 total to $87.2 billion – 1.8 times more than previous year
The focus needs to shift to what customers want to buy
That means updating risk management practices and refining collections approaches
Tread carefully when looking into the possibility of providing banking services to cannabis-related retailers and businesses
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