A new study by JD Power shows that most people, even digital first millennial customers, prefer to open bank accounts at the branch; the main driver behind this is a negative experience when trying to open an account online; customers reported the experience as confusing, even when adding a chatbot assistant the process did not improve; going into the branch allows customers to talk to staff and be guided through the process. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.