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Bankers Take Note: New Amazon Go Store Now Open in Seattle

January 10, 2017

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With all the recent news of traditional retailers, like Macy’s and Khols, closing stores, those in the banking industry should take note that the online behemoth, Amazon, just opened up a physical location in Seattle.

Amazon clearly recognizes the value of physical locations despite its huge success in the online shopping arena, and bankers should be aware of just how they’re approaching this venture.

Instead of the same old traditional retail business model, Amazon is trying out completely innovative and technology-driven tactics, such as its “just walk out shopping.”

Perhaps it’s time for many banks who remain lodged in the traditional retail banking models to follow suit, and take a closer look at technology-driven retail software, such as appointment setting and lobby tracking applications.

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