Multi-Bank

Banxlocal’s multi-bank proposition will significantly enhance choice and value for customers in several ways:

Diverse Banking Options: By partnering with multiple banks, Banxlocal can offer a wider range of products and services. This means customers can choose from various savings accounts, loans, and investment options tailored to their specific needs.

Competitive Rates: With access to multiple banks, Banxlocal can help customers find the best rates for loans and savings, ensuring they get the most value for their money.

Convenience: Banxlocal’s hybrid model of digital and physical branches provides the convenience of online banking with the personal touch of in-person service. This can be particularly beneficial for the 55% of the UK who still prefer face-to-face interactions for complex financial decisions.

Enhanced Customer Service: By leveraging the strengths of multiple banks, Banxlocal can offer superior customer service, addressing issues more efficiently and providing more comprehensive support.

Innovation and Flexibility: The multi-bank approach allows Banxlocal to quickly adapt to market changes and introduce new services, keeping pace with evolving customer expectations and technological advancements.

Overall, Banxlocal’s model will provide customers with more choices, better rates, and a more personalised banking experience, addressing the growing demand for value and flexibility in the banking sector.

If you’d like to find out more, please get in touch info@banxlocal.uk

Five Key Services

Recently we were asked to define our five key service propositions of the Banxlocal.uk approach to market and explain how this is innovative in the retail banking market, so here are what we saw as the top five – this was tough as we actually address so many issues we see in the current service delivery of banking.
We’re obviously keen to have insights on how you see our approach changing the way people bank too!

1. Hybrid Banking Model:
Combining physical branches with digital banking services, allows customers to access multiple banks from a single location and choose how they bank.

2. Independent Branch Network:
Providing a platform for digital, neo, and lesser-known banks, as well as established regional building societies and banks, to have a physical presence on UK high streets again.

3. Access as a Service:
Offering a multi-access platform that integrates various banking services as marketplaces through a centralised core, supported by manned branches, terminals and a customer SuperApp.

4. Financial Inclusion:
Addressing the issue of financial exclusion by ensuring that communities have access to essential banking services, bridging the gap between digital and physical banking.

5. Innovative Technology Integration:
Utilising AI, latest fintech developments and the open banking frameworks to provide a seamless and efficient banking experience, enhancing customer service and operational efficiency.

These key elements mean Banxlocal.uk’s approach is innovative and redefines the traditional bank branch model, making banking more accessible and inclusive while leveraging modern technology to improve service delivery

We welcome your thoughts! Get in touch today info@banxlocal.uk