Lloyds opens flagship Manchester branch

As it closes and shrinks thousands of branches across the UK, Lloyds has opened its first 'flagship' site, a tech-packed showcase modelled on Apple Stores.

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Lloyds opens flagship Manchester branch

Editorial

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The £3 million Manchester branch has longer weekday hours than normal and is also open on weekends, combining face-to-face expertise with new technology.

While specially trained staffers are available to help support customers, a digital zone continues to guide people to online and mobile banking, offering tips and demos. Free WiFi and phone charging as well as a coffee bar are also on hand.

A Safe Deposit facility, featuring biometric fingerprint technology, enables customers to store their valuable possessions in a convenient, safe and secure location. A business hub with a 'connector' helps link firms with local sources of advice, funding and training and the space is also being used for free events and seminars.

While Lloyds is investing in a small group of flagship sites, the bank is also in the midst of a three year programme to shut 400 branches and is also shrinking hundreds more, ditching tellers in favour of tablet-wielding wandering staffers.

Robin Bulloch, MD, Lloyds Bank and Bank of Scotland, says: " While digital services are becoming increasingly important to our customers, we continue to recognise the significant value of human interaction - people want to deal with people when it matters. That is why branches are not a thing of the past - they just need to be reimagined."

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Comments: (1)

Hitesh Thakkar

Hitesh Thakkar Technology Evangelist (Financial Technology) at SME - Fintech startups (APAC and Africa)

Good move by Universal bank to work towards new version of physical presence including use of Biometric Authentication for Locker operations.

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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