70% of customers prefer opening new accounts digitally, yet 60% of new accounts still involve a visit to a branch. Why? Because most banks are lagging behind their customers when it comes to technology adoption.
Meanwhile, the buying power of digitally native Millennials is only increasing as more members of the demographic go to college, apply for credit cards, and buy homes. To effectively engage with these customers, banks must become more digitally sophisticated, and offer the ability to open new accounts via mobile devices.
There are hurdles in this process, however. Account applications can be complicated, and the digital landscape is full of distractions. And that doesn’t even take risk and compliance into account. In this report, the experts at Bottomline Technologies walk you through exactly what you need to know about:
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Digital Banking 3.0 is Bottomline’s strategic solutions suite that addresses these challenges by empowering you to deliver an intuitive and engaging customer experience that harnesses the power of innovation.
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