The face of high-street banking is rapidly changing, given the number of branch closures and the introduction of robo-advisors that are slowly disrupting the industry. Yet when it comes to buying a mortgage or making a large investment, most people prefer face-to-face advice. So, what is the future of banking? Raj V S, Head of Financial Services at the technology firm Syntel, joined Juliette Foster on Share Radio Breakfast to discuss.
Glastonbury may boast the world's best-known outdoor music festival, but one essential thing the Somerset town has been lacking since the spring is a bank branch. But within the last few days it has emerged that the Nationwide Building Society has shown some interest in stepping into the breach. Nationwide Director, Graeme Hughes, told Share Radio's Nigel Cassidy that potential premises are now being lined up and he hopes to open a bank in the New Year. He says the reason the society thinks it can make a success in Glastonbury is the fact that it's using newer technology.