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News & Media From Richard McMurdo

Cash centers and the future of retailer cash recycling

by Richard McMurdo — Principal Consultant, Talaris

I believe that the job of any consultant is to look at things with a fresh pair of eyes and to question the way that things are done today, and to think about…

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Why is cash recycling an issue that's not all for one, but one for all?

by Richard McMurdo — Principal Consultant, Talaris

The other day I ran a series of workshops for a major bank regarding a project affecting a number of different customer touch points. Given the wide-reaching…

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E-payments are to cash what Robin is to Batman

by Richard McMurdo — Principal Consultant, Talaris

I am in the cash industry, but I am still not blind to the reality that societies, governments, and central banks worldwide are doing their utmost to reduce…

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70 is the new 40, but can banks keep up with the pace?

by Richard McMurdo — Principal Consultant, Talaris

On a cold and drizzly evening I found myself at home watching the '70s sci-fi flick "Logan's Run" and it occurred to me that if the main character, Logan 5…

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Where does the future come from?

by Richard McMurdo — Principal Consultant, Talaris

In the banking industry and among those who commentate on it, talk of innovation and the "branch of the future" is rife. However, I've come to the conclusion…

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Sentiment and science: reasons to keep the coin

by Richard McMurdo — Principal Consultant, Talaris

It always saddens me when coins are taken out of circulation, and I’m very much of the belief that a coinless world wouldn’t necessarily be a better one. As…

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4 things banks should be spending their money on in 2013

by Richard McMurdo — Principal Consultant, Talaris

As we were finishing a lunch meeting the other day, the bank executive I was with laid down a challenge. He said, "Richard, my cab will be here in five…

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The rise of the 'light' bank branch

by Richard McMurdo — Principal Consultant, Talaris

In a recent article about what we can expect from branch banking in 2013, I predicted the rise of the 'light' bank branch. It's something that I thought was…

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From production line to personalized banking: Are we coming full circle?

by Richard McMurdo — Principal Consultant, Talaris

The other day whilst getting around to eventually de-cluttering my loft, I came across a box of my old school exercise books. Flicking through my history book…

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Migrate the transaction, not the customer

by Richard McMurdo — Principal Consultant, Talaris

Bird and animal migration tends to be driven by in-built needs related to food or climate. If only banks found it as easy to migrate customers …

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The clue’s in the name, or is it?

by Richard McMurdo — Principal Consultant, Talaris

Why are banks the first to label themselves as "retail," but the last to behave like a retail store?

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How can banks put the retail back into retail banking?

by Richard McMurdo — Principal Consultant, Talaris

It's probably fair to say that around 90 percent of customers who go into a retail shop will purchase something, and so are profitable. Unfortunately, the same…

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Optimizing cash forecasting: How to transform idle cash into active cash

by Richard McMurdo — Principal Consultant, Talaris

It's no surprise that customers still love cash; transactions are fast, convenient, anonymous and almost invariably free.

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