Las Vegas Casino Review

Introduction to Las Vegas USA: One of the biggest and brightest online casinos is LasVegas USA. They have been in business since 2002, and are regarded as being one of the most popular casinos. They are owned by the Main Street group who run Sun Palace casino, Vegas casino and Slots Plus casino. As the […]

Vegas, Casinos Lose Their Luster: So Over It

pkv

What’s happening in Vegas? Luck appears to be running out as casinos file for bankruptcy and rack up losses. LAS VEGAS (TheStreet) –When the names of films featuring Las Vegas went from Swingers to The Hangover, it was a sign that gambling had lost some of its luster. The recession has chased those losses. Gambling […]

Why Online Sales Are Not Meeting Expectations

In 2007, The Council surveyed members on “what channels will best serve customers for purchasing products end-to-end?” for both 2007 (“today”, then) and in 5 years time (2012). Responses were unambiguous: a sharp decline in branch sales – from well over 80%, to just over 40% – and a sharp incline in on-line sales, from […]

Using Social Media to Know Your Customers Better

Our data shows that customers that prefer to use technology for banking purposes are more likely to be younger and active on social media. They are less likely to visit a bank branch on a regular basis. One challenge many banks are facing is how to connect with these tech users and engage them outside […]

What Does the Branch Do in a Multichannel World?

Traditional transactions are on the decline for banks around the world–even though for most, the overall volume of transactions is increasing. As the role of the branch changes from the centerpiece of distribution strategies to a component part, what can banks predict about its future form and purpose? For the customer: Customer relationships are moving from […]

A Return of Revenue Growth in the Next 12 Months?

Our quarterly report on business conditions and expectations in Financial Services provides a network-enabled, 12-month outlook on key drivers of economic performance in financial services. Most in the industry expect continued mixed trends, as modest revenue growth returns but cost pressures increase and capital expenditures decline. Financial service (FS) executives’ sentiment: Executive sentiment regarding revenues in the […]

How Quickly Will Branch Traffic Decline?

The branch has begun its predicted slide from prominence as the center of the bank/customer relationship. The number of branches, the number of tellers, and the number of teller transactions will continue to decrease through 2015. This is not necessarily bad news as banks have attempted to migrate simple transactions to alternate channels for decades, beginning […]

Projecting Rapid Growth for Online and Mobile

While its growth has slowed as it has reached maturity, the functions available through online banking continue to increase, thus driving volumes upward. Although online sales remain at only 1% of total volume, they account for the biggest change; new accounts opened are expected to double between 2010 and 2015. Service and payments volumes through the […]

4 Principles for Successfully Selling Insurance in the Branch

Will new regulation lead to the demise of “totally free checking?”  Most executives think so. As banks focus on re-pricing their portfolio of checking products, many will miss the opportunity to generate non-traditional fee income.  In particular, bancassurance provides a unique opportunity to capitalize on customer risk adversity while increasing fee-based product sales in the […]

5 Key Takeaways from Retail Bankers

Across the first half of 2010, retail bankers in North America made the following five observations regarding trends in the industry: Observation #1:  Customers significantly undervalue the transactional services that banks provide.  A decade of “totally free checking” has taught customers that transactional services are worth $0.  As free checking disappears, executives must train customers to […]