Your branch is the physical manifestation of your institution, oftentimes a critical beacon for attracting new members or customers in the market and in growing the client relationships you already have. That’s why it’s so important to make sure you get branching right.
With your branch space, you’re providing a place where people can interact with an actual person to provide solutions. It’s the arena for primarily opening accounts, having questions answered or taking care of larger or more complex transactions. Digital channels simply cannot provide the desired human element, or solve the complex issues your clients face every day.
When looking to reinvent your brand, sometimes the branch, and a new prototype at that, is what is needed to begin anew.
Why? Because a new prototype branch universally establishes and dictates your brand and culture. It should provide the functionality and services needed to fit the changing requirements of your modern clientele.
In fact, almost all of LEVEL5‘s projects involve a new branch prototype. Wise financial institution leaders truly see the value of it.
In this article, we’ll cover the purpose and successful implementation of a prototype and what it means for you in 2022 and beyond.