OneBanks provides a platform facilitating everyday banking services
and preserving human interaction for the customers of all banks.
3,373 banks and building society branches have closed in the four years to the end of 2019. This is the result of the huge uptake of digital banking, which has reduced footfall in bank branches and in turn, made operational costs unsustainable.
Branch closures have left a significant void for many communities in the UK, leaving vulnerable people, SMES, those in rural areas and cash dependent people, disadvantaged and feeling abandoned.
With the help of many technology and service companies OneBanks has designed and built an ecosystem that will fill those voids by providing face-to-face everyday banking services through its kiosks sited in convenient locations (e.g. shopping centres, supermarkets, transport hubs etc.).
Initially, Account services, Payments, Deposits, Withdrawals and Transfers will be possible as will help to get people onto online banking.
Harnessing the power of Open Banking, OneBanks will be able to service the customers of all banks whilst also providing access to cash for the non-banked.
OneBanks has been selected to partner with the Communities Access to Cash pilot to support underbanked communities.
There are several benefits for the banks arising from working with OneBanks:
An additional channel to conveniently service their all their customers, including SMEs and those in rural areas
A PR positive exit channel for their branch/ATM closure programmes
A local support facility enabling people to get online
An additional channel to conveniently service their all their customers, including SMEs and those in rural areas
