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Bank of America Tests Peopleless Banks

Wednesday, February 8, 2017 19:26
% of readers think this story is Fact. Add your two cents. / Mike “Mish” Shedlock / February 8, 2017 2:29:25

Tellers, cashiers, loan officers: Who needs em?

Banks do need those services of course, but do those services have to be in every location?

Will video teleconferencing suffice?

Please consider Bank of America Testing ‘Completely Automated’ Branches.

Bank of America is testing “completely automated” branches, its latest push into self-service as CEO Brian Moynihan seeks to further lower costs at the Charlotte-based company, an executive said Tuesday.

Dean Athanasia, co-head of consumer banking, disclosed the new branches at a financial services forum in Florida, during a discussion on Bank of America’s efforts to cut expenses and improve efficiencies.


The post Bank of America Tests Peopleless Banks appeared first on Silver For The People.


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