When we have a conversation about mobile account opening with someone who hasn’t heard of it before, it usually doesn’t take very long to get to the question:  “So it’s an app?” Today most people are hardwired to equate “mobile” with “mobile application.” They’ve been conditioned by hundreds of startup stories–Twitter, Venmo, Snapchat–and yes, […]

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We are making a small but important change to our oFlows online and mobile account opening solution: we can now pass data from our workflow to an online banking enrollment site in real time. The new functionality saves applicants time by letting them skip some data entry in the online banking enrollment process, but more importantly, […]

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In January Andera released a special report called “The Future of Account Opening” (check it out here if you haven’t yet) that had lots of serious stuff in it about things like where account opening is headed and what mobile account opening is, exactly, but also some really fun graphs like this one: This data […]

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Today I thought I’d share an interesting tidbit of data from Andera’s customer base. We provide our online account opening solution to over 500 bank and credit unions. Our customers can choose to allow their applicants to fund new deposit accounts online either through: 1. ACH Transfer 2. Credit/Debit Because of different risk protocols, not all […]

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There are so many industry reports about banking trends out there that it can be hard to sort through the noise. Sometimes I try to apply heuristics. This one’s published by McKinsey, so that means it must be good, right? Shoot, it’s only three pages with no graphs. This one is blowing up my twitter […]

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Andera just hosted a webinar on “The Future of Account Opening” where we asked Ying Chen, SVP of Product Management, and Jeff Kukesh, Senior Product Manager of Emerging Technology & Platform, about their vision for where online account opening and mobile account opening are going. Sometime into the session, Ying mentioned that she wants to make Andera’s […]

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Originally published on CUInsight. In 1962, Everett Rogers wrote the Diffusion of Innovations, a book that explored the factors that influence the speed and spread of technology adoption, and postulated that for most technologies the rate of adoption follows a bell curve: risk-tolerant or innovative individuals adopt first, the majority adopts en masse once the technology has […]

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Mobile banking is all the rage these days. An Andera survey conducted last week revealed that nearly 90% of the bank and credit union professionals polled have a mobile app at their institution, and that the remaining respondents are either adding in 2014 or have definite plans to add it soon thereafter: But despite all […]

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  You may have noticed that Andera released a couple of related reports this month, Mobility Trends 2013, and Mobile Account Opening 2.0. (Don’t worry, if you’re that atypical bank or credit union representative who doesn’t religiously read every Andera publication, my feelings won’t be hurt). Here’s a quick summary of the two reports: Mobility Trends 2013 This […]

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A couple of weeks ago I was having dinner with a friend, and we got to talking about algorithmic trading, also known as high-frequency trading. Wikipedia defines algorithmic trading as the “use of electronic platforms for entering trading orders with an algorithm.” Algorithmic traders make money by identifying trades that will predictably yield an insignificant profit, and […]

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