Banks that build their brand without Branches
May 16, 2013
Hosted by Brett King
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Episode Description
Most banks rely on their branch infrastructure for the vast majority of revenue and customer acquisition today. From the basic requirement many banks have for in-person, face-to-face identification and the legacy signature card, for many banks this is a very hard habit to break. But there are already many banks who've not only cracked this problem, but get the majority (and in some cases all) of their revenue from non-branch sources. In this week's Breaking Banks we talk to Neff Hudson from USAA Bank who serves a highly mobile customer base, and Alex Twigg from UBank in Australia, who built their entire business rapidly in the space of just a few years without any branches. We often hear that customers still prefer to open an account or sign-up for a mortgage in a branch, but what if banks are biasing this behavior and actually missing out on major new sources of revenue because they're not adapting to changing behavior.

Breaking Banks Fintech
Thursday at 12 Noon Pacific Time on VoiceAmerica Business Channel
Many industries have been revolutionized by technology in the last decade.
Books, Music, TV, Communications, and now it's happening to our money.
Fintech, or financial technologies, is the new disruption that is sweeping
across the globe and dominating the tech world conversations on everything
from ApplePay to new credit algorithms, and upending the access to capital.
Fintech is going to give millions of people who have never had access to
banking, saving, and capital, a bank account that they carry in their hands.
Tune into Breaking Banks with Brett King, for a look at how technology and
customer behavior will bring about more changes in banking in the next 10
years, than in the last 200 years. Listen every Thursday at 3pm eastern
time, noon pacific on the VoiceAmerica Business Channel. You'll never look at your bank account the same again.

Brett King
Brett King is a three times bestselling author, well-known futurist and speaker, and founder of a breakout new retail banking and lifestyle concept "Moven.” King was voted as American Banker's Innovator of the Year in 2012, and was nominated by Bank Innovation as one of the Top 10 "coolest brands in banking.” King has been featured on CNBC, Bloomberg, BBC, Financial Times, The Economist, The Asian Banker Journal, The Banker, Wired magazine and many more. He contributes regularly as a blogger on Huffington Post.
King initially achieved recognition for his bestselling book BANK 2.0, which received widespread industry acclaim and topped category lists in the UK, USA, Germany, Japan, Canada, France Russia and Asia. 'Branch Today, Gone Tomorrow' - King's second book achieved bestseller status in its first week on Amazon. His current book BANK 3.0 is currently topping the charts in the US, UK, China, Canada, Germany, Japan and France and has been published in English, Chinese (Simplified/Traditional), Korean, Russian and Polish to-date. He is widely considered the foremost global expert on retail banking innovation today.
As an industry thought leader, King has delivered keynotes at conferences in more than 40 countries for organizations like Google, Forbes, and Oracle. He has served as an international judge for The Asian Banker Retail Banking Excellence Awards, the GSMA Global Mobile Awards, the Middle East Business Achievement and Retail Banking Awards.