Sunday, December 22, 2024

Desjardins to reduce total number of ATMs and service centres by 30% by 2026

  • Desjardins Group, a Canadian financial cooperative, plans to reduce the total number of ATMs and service centres in Quebec and Ontario by 30% by December 31, 2026.
  • The decision is driven by the increasing preference of Desjardins members for digital banking solutions, particularly the AccèsD digital banking platform.
  • Members’ growing interest in digital solutions has prompted Desjardins to balance investments in its physical network with the development of digital offerings.
  • The cooperative launched the AccèsD digital banking platform in 2000, expanding its features over the years to include investment management and loans.
  • According to figures from the end of the previous year, Desjardins’ 669 service centres represented only 1% of the total transaction volume, while its 1559 ATMs accounted for 3%.
  • The 30% reduction in ATMs and service centres may be subject to change based on the evolving preferences and activities of Desjardins’ 7.5 million members in the coming years.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

What is Fintech?

Fintech: A term used to refer to innovations in...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TBC Bank Uzbekistan Raises $37 Million in Equity Investment

Subheading TBC Bank Uzbekistan secures $37 million from TBC Group,...

XTransfer and OCBC Form Comprehensive Partnership

Subheading XTransfer and OCBC collaborate to provide innovative cross-border financial...

Brazil Greenlights PayRetailers’ Acquisition of Transfeera

Subheading PayRetailers expands its presence in Brazil by acquiring Transfeera,...

Delio Appoints Felicia Meyerowitz-Singh as New Chair

Subheading Felicia Meyerowitz-Singh brings extensive financial services experience to drive...

Işbank Expands Partnership with Alipay+, Enhancing Cross-Border Payments

Subheading Işbank, Turkey's largest private bank, partners with Alipay+ to...

Former UBS Investment Analyst Unveils Voice-Cloned AI Education Tool

Subheading Geoff Robinson's new app uses his digitally cloned voice...

New Zealand Reduces Merchant Service Fees for Card Payments to Benefit Businesses

Subheading The Commerce Commission's draft decision aims to lower Visa...

Adyen and Affirm Extend Partnership to Canada, Enhancing Payment Options

Subheading Adyen and Affirm expand their collaboration to bring flexible...

Related Articles

Popular Categories

spot_imgspot_img