Sign Banking PDF Arkansas Now

Industry sign banking alabama pdf myself

could there also be a squeeze on the bigger banks as a practical matter as more and more big commercial energies come into their neighborhood and compete with them for example for deposit taking there are still a lot of people who want a physical location to go to for their banking services and walmart can provide that with all its stores of elderly people you know people lower income people who don't have access to the internet the the ability to also provide not just uh technology technologically remote services but also a physical location i think is an advantage uh that that walmart could provide and a benefit to that segment of the population that still wants it wants an actual banking physical space to go to so yes and in that context their their vast array of stores could be highly competitive with these larger banks branch operations so is you're right it's not clear that it would just be an impact on community banks well you raise a very interesting possibility i think we have talked for some time about the unbanked and the underbanked in the united states typically in poorer communities these suggestions and how we address that we haven't been successful terribly in doing that could a walmart moving in actually help address that problem in the country well i think they could i mean i think lower income and lower middle income americans are are very big part of walmart's uh uh customer base and so they're coming to those stores already so yeah i mean i think we need to know what walmart plans if they just plan to you know fatten their profit margins well good for them but you know that's not really a public policy reason to provide the charter approve the charter but if yeah if they can leverage that reach that they have with the unbanked and under bank populations to provide a fuller panoply of financial services at low cost at mainstream cost right so people can go to payday lenders and pawn shops now and get financial services at a very high cost but if walmart can democratize uh further democratized credit and banking services and provided the same cost that you and i get then i think that would be hugely beneficial so you know we need to stay tuned in terms of what walmart uh is what the value proposition is that they're contemplating but there's certainly a lot of potential there well talk about that value proposition we can't get in doug mcmillan's head i don't think certainly i can't but he's made no secret the fact that he's interested in moving into this why do you think that is because walmart does is at least part of a lot of financial services offered to these customers right now through distribution arrangements with regular banks but also through direct uh relationships with its own customers well it is it is some crowded space but i you know i think there's probably a lot of money to be made by again internalizing it as opposed to doing it through it through bank partnerships it's interesting they seem to be really focused on financial technology is part you know they're talking about creating a some type of fintech uh entity which in that's pretty crowded space already it seems to me that they're stronger they're the greater strength in this their competitive strength is their stores right they have physical locations they can provide that and they have a customer base that's ready made they can those unbanked underbank that the mainstream banking organizations have not been able to reach they're their customers already so it seems to me that's their benefit not so much utilizing financial technology uh that can help lower the cost of providing the services but their strength is their pre-existing customer base and their physical facilities