Leveraging Data Analytics to Create a Frictionless Customer Journey

Posted on March 30, 2017

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.

Read More

Tags: onboarding, customer journey, friction, mobile account opening

Why Convenience Is a Critical Differentiator for Mid-Tier Banks and Credit Unions

Posted on September 22, 2016

In a recent blog post at The Financial Brand, Ron Shevlin, director of research at Cornerstone Advisors, makes some excellent points about changing expectations in the financial services market. After pointing out that start-ups like Rocket Mortgage, SoFi, and Kabbage are offering financial products with easy applications and rapid decisions (they deliver answers in 15 minutes or less), Shevlin points out that Fintech startups have established new benchmarks for what it means to deliver “convenient” financial services.

Read More

Tags: credit unions, mobile banking, onboarding, banking, convenience