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RBS Closure Of 259 Branches

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The ISBuzz Post: This Post RBS Closure Of 259 Branches appeared first on Information Security Buzz.

RBS planning to close a quarter of its branches and shedding 680 jobs, due to an increasing number of customers opting to use online banking out of convenience as opposed to visiting high street branches.

Richard Lowe, Head of UK BFSI (Banking, Financial Services and Insurance) atSQS, believes that the switch favouring online and mobile banking to in-branch banking was always inevitable, and that banks should now take advantage of this sudden shift in consumer banking behaviour by ensuring that they retain their newly acquired customers, and avoid breaking their trust.

The below comment suggests that if banks want to retain their online customers, following the closing of high street branches, the technology they have in place must be quality assured to the highest standard to minimise the risk of data breaches or system failures.

Richard Lowe, Head of UK BFSI at SQS:

“The...(continued)

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