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Stock impact report

Banks Focus on Balance Between Fintech and New Markets [Los Angeles Times (CA)]

Banc of California, Inc. (BANC) 
Last banc of california, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4074352
The “main entrance” for customers looking to bank may now be a digital front door, but the largest banks and credit unions are complementing that access with brick-and-mortar locations that allow clients to meet their bankers in an ever-increasing, relationship-driven business. According to a recent KPMG banking survey of two hundred U.S. banking executives from large institutions and community banks, technology is impacting all facets of the business. That includes payment modernization, AI and other technologies for fraud detection, and online and mobile messaging, chat, and virtual assistants to cut friction for everyday tasks. Yet banks are branching out with national expansion plans and new offices that make their mark with a physical presence to provide an additional layer of access. For example, City National Bank opened new offices in Charlotte and Greenville, S.C. where it will employ about 120 people combined. The growth aligns with the bank's long-term strategy. “Cha Show less Read more
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