Mobile-first consumers. The rise of artificial intelligence. FinTechs and disruptive startups. Open APIs for ecommerce, banking, and just about everything else.
Mobile-first consumers. The rise of artificial intelligence. FinTechs and disruptive startups. Open APIs for ecommerce, banking, and just about everything else.
Tags: customer journey, mobile account opening, Identity Intelligence, credit risk management
Mobile onboarding needs to be fast, frictionless, and risk-free. Minutes count. Extending the mobile onboarding process by a mere five minutes has been shown to increase the application abandonment rate by 200%.
Tags: mobile account opening, ID authentication, mobile onboarding, AI Authenticate
Mobile onboarding should be fast and easy . But too often it's slow, complicated, and error-prone.
We attended this year’s EMERGE Financial Health Forum in Austin in mid-June. This conference, hosted annually by the Center for Financial Services Innovation (CFSi), has long been a major platform for sharing research and addressing trends in consumer finance.
Tags: Machine Learning, mobile account opening, EMERGE Forum, Financial Health
Mobile account opening solutions suffer from abandonment rates as high as 80%. To enable more applicants to open accounts on mobile devices quickly and easily, financial organizations need to reduce friction.
Friction is inconvenience. It results from requiring mobile users to type too much or wait too long for data to be verified.
Our new white paper Leveraging Data Analytics to Deliver a Frictionless Customer Journey explains the hows and whys of using data analytics to reduce friction, improve customer journeys, and increase application completion rates.
Tags: onboarding, customer journey, friction, mobile account opening