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The mass shift to digital banking, has resulted in the number of bank branches reducing from 20,000, to just 5,000 today. According to Which, an average of 54 branches have closed their doors each month since 2015.
The UK is now experiencing a mission critical access to banking crisis, that has been progressively deteriorating for several decades.
Many communities across the UK are now left with little or no access to the most basic of banking services. The average journey time to reach a branch is over 30 minutes.
This includes current and future access to cash. The rise of digital banking has left behind large segments of society, widening the gap of financial exclusion.
Banxlocal.uk has brought a paradigm shift in thinking to the banking industry, to transform and revolutionise the role of the branch in retail banking. Our solution offers a unique proposition that bridges the gap between the old and the new – that combine’s the accessibility and personal touch of local branches, with the efficiency of modern-day digital banking.
Transform and revolutionise the role of the branch in retail banking
A hybrid model evolving from the concept of shared branches
Bringing together the innovation of the last 15 years' experience operating in the retail banking space
A platform for digital, lesser-known banks and regional building societies to have a presence of UK high streets
Delivering access to banking through simplicity, choice and trust.
An independent branch network that can deal with multiple banks from one location
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21 %
5 million
75 %
