Hacker News Reader

Re: The ATM point. The evidence they cite is this graph [1]. I'm not sure that this is a compelling graph. Sure the number of tellers has been growing, but it's been very slow growth. Meanwhile, ATM's have been skyrocketing in popularity. One could easily argue that teller job creation was heavily impacted by ATM's, but offset by overall population growth.

[1]http://www.aei.org/publication/what-atms-bank-tellers-rise-r...

View on HN

I don't know how it works in the US but in the German retail banking market there is only one clearly superior pathway to compete and this is through abolishing the banks local presence all together.

Our credit unions are not competitive and will have to merge away into a direct bank at some point. They currently survive on path dependencies.

Germany is a cash heavy market & free universal ATMs are omnipresent. Ironically mostly through credit unions.

People use less cash now so there's that too.

Reply on news.ycombinator.com