Niche banking is an untapped opportunity for financial brands to cure common problems for common people.
By creating value for those consumers with specialized needs, banks and credit unions can set themselves apart from the tedious template of old brick and mortar.
I see a future in which financial brands resemble exclusive boutiques more than legacy institutions.
In this episode of our Inside Digital Growth series, I answer questions from you, the dear listeners, about niche banking.
It’s time for banks to think smaller when reaching out to a viable market.
Picture niche banking as sport fishing with a single hook as opposed to commercial fishing with large nets. Are you trying to catch every fish in the ocean, or just the ones who appeal to your brand?
Which brings us to the branding issue - making your brand appealing to your ideal customer is the name of the game.
Lastly, we’ll dive into the technology needed for niche banking.
But is tech really the answer for your niche banking needs, or merely a tool to support the people behind the scenes?
So, is niche banking the key to unlocking the cure for financial stress?
Key Insights and Takeaways