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Jim Marous, publisher at The Financial Brand, observes that the movement of money is no longer tied to physical proximity.
He emphasizes that consumers now gravitate toward financial institutions that provide the best digital experiences, prioritizing speed and convenience.
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Marous has previously noted that uncertainty is a key factor in banking decisions and has argued that decision speed and clarity are crucial for digital maturity. In an earlier analysis, he discussed how attrition in banking often starts before account closures. He stressed the importance of tracking customer engagement loss.