Banks could transform underused space in their branches into co-working areas, according to Digital Banking Report publisher Jim Marous. He said banks could offer freelancers and firms access to flexible, high-tech and fully supported office spaces. As well as fostering community links, banks could offer customised services through face-to-face interactions with small businesses and entrepreneurs. The report also suggested that the government should consider a new tax on financial transactions such as stock trades or derivatives trading.
Banks could transform underused space in their branches into co-working areas, according to Digital Banking Report publisher Jim Marous. He said banks could offer freelancers and firms access to flexible, high-tech and fully supported office spaces. As well as fostering community links, banks could offer customised services through face-to-face interactions with small businesses and entrepreneurs. Marous cited successful examples such as Poland’s Idea Bank, Oklahoma-based Citizens Bank of Edmond and the UK's Virgin Money Lounges.