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THE DAMAGING LEGACY OF YEARS OF BANK BRANCH CLOSURES | Stuart Miller

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Вміст надано Podcast Radio. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Podcast Radio або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

Stuart Miller, Chief Customer Officer at Newcastle Building Society & Member of The High Street Task Force,talks to Clayton M. Coke of Podcast Radio Business to discuss a b;lueprint for addressing the damaging legacy of years of bank branch closures.

A blueprint to restore cash and other financial services to towns and high streets across the UK is being piloted, offering hope to the millions impacted by the damaging legacy of years of bank branch closures.

In the last 12 months, 29% have seen a bank or building society leave their local area, with more than a third (38%) worried their local branch will close this year. Once a mainstay to every high street, this is causing great concern for many across the country.

Already,more than one in three (36%) live in an area without access to financial services – not just affecting their ability to manage their bank account, but their access to cash and in-person financial advice, which is now more important than ever.

That’s why Newcastle Building Society is collaborating with shared bank branch innovator OneBanx to provide access to a multi-bank kiosk in two of itsbranches in the North East and NorthYorkshire, as part of a pilot which could potentially be rolled out across the UK.

The average UK adult visits their local branch twice a month – 24 times a year – with one in seven (14%) heading in once a week. But now, more than 1.4 million people* must travel more than an hour, with the average round trip costing £9.

With in-person banking no longer possible for more than a quarter (28%) of UK adults, and 42% saying there is a lack of access to financial services in their community, the blueprint seeks to present a solution for cashless communities across the UK, aiming to keep cash alive and high streets vibrant in local communities.

  continue reading

82 епізодів

Artwork
iconПоширити
 
Manage episode 358983187 series 3459875
Вміст надано Podcast Radio. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Podcast Radio або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

Stuart Miller, Chief Customer Officer at Newcastle Building Society & Member of The High Street Task Force,talks to Clayton M. Coke of Podcast Radio Business to discuss a b;lueprint for addressing the damaging legacy of years of bank branch closures.

A blueprint to restore cash and other financial services to towns and high streets across the UK is being piloted, offering hope to the millions impacted by the damaging legacy of years of bank branch closures.

In the last 12 months, 29% have seen a bank or building society leave their local area, with more than a third (38%) worried their local branch will close this year. Once a mainstay to every high street, this is causing great concern for many across the country.

Already,more than one in three (36%) live in an area without access to financial services – not just affecting their ability to manage their bank account, but their access to cash and in-person financial advice, which is now more important than ever.

That’s why Newcastle Building Society is collaborating with shared bank branch innovator OneBanx to provide access to a multi-bank kiosk in two of itsbranches in the North East and NorthYorkshire, as part of a pilot which could potentially be rolled out across the UK.

The average UK adult visits their local branch twice a month – 24 times a year – with one in seven (14%) heading in once a week. But now, more than 1.4 million people* must travel more than an hour, with the average round trip costing £9.

With in-person banking no longer possible for more than a quarter (28%) of UK adults, and 42% saying there is a lack of access to financial services in their community, the blueprint seeks to present a solution for cashless communities across the UK, aiming to keep cash alive and high streets vibrant in local communities.

  continue reading

82 епізодів

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