Doris: bank branches? Such as telephone booths – Milano Finanza

“The branches will make the end of the telephone booths. What is the use if no one comes? “. If you ask Ennio Doris, founder of Banca Mediolanum , which has now 40%. The entrepreneur and longtime banker, in an interview, said that the banking sector is at the center of a historic revolution.

“The interest rates will rise again but remain very low, levels of the past are of another millennium, “says Doris. With the result that “with a structure of costs linked to a physical distribution of branches, there are no possibilities of votes. With the Internet service fees are decreasing so unstoppable. ” That’s why “we need a different banking model.”

A model that Doris knows because Mediolanum is a slight born bank without branches, with a call center specialist and banker family in the area who keep customer contacts. At the center of the model: investment and asset management.

Just yesterday the Fabi, the union of the majority of bank employees, reported data, important, on the rationalization of the sector in 3 years, 2013-31 marzo 2016, saw out by Italian banking groups 11,988 people and another 16,109 are ready to leave by 2020, according to union agreements of recent business plans. Of these 8,928 are potentially prepensionabili.

As reported today MF-Milano Finanza , the alarm was triggered in May when Vincenzo Visco, Bank of Italy governor, in his final remarks, had asked the banks to intervene on fixed costs, including staff, acting on the quality and quantity of staff.

Even then the answer Maria Lando Sileoni, Secretary of Fabi, was no mince his words: “In recent years there have appeared, on a voluntary basis, 48 ​​thousand workers. The governor think the high and unjustified salaries of managers. “

In his remarks on overheads, today Doris explains that the banks will have a zero branches and personnel near future specialist in the area to give advice and solve complex problems such as a credit or a mortgage. And that will serve much innovation, because banking app between 4-5 years will osboleta and the bank will have to buy new application to keep up with the times. A constant investment in technology upgrade that will weigh on the accounts of a small bank.

The foreign competition, then, is not to be underestimated, said Doris. “In a foreign company just open a branch in Italy without the need for that license of the Bank of Italy which today serves to climb more than 10% in an institution, to enter the domestic market and to offer everyone the internet service” .