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Digital Banking: Secure Apply for Online Account Opening

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Did you know that over 70% of consumers want to open bank accounts online, but only 8% of new account applications started on a mobile device are completed in a single session (Javelin research)?

Often times, consumers question if they are opening new accounts on a secure online banking system. To securely drive growth, you should re-evaluate risk management processes that may be interfering with the customer experience.

With Bottomline’s Secure Apply for Account Opening, financial institutions can realize up to a 23% lift in accepted applicants and move up to a 4% of applicants from auto-decline to review by:

  • Applying both a digital and offline intelligence
  • Leveraging multiple sources of identity verification data
  • Tapping real-time monitoring and behavioral analytics

Read this article to learn more on how Secure Apply for Online Account Opening can help your organization gain a competitive advantage.

46% of consumers use only digital channels today, up from 27% just 5 years ago.

Average annual cost of cybercrime in the financial services industries is $20.8 million. What you can do to win the fight

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Customer Success Story

RBFCU Sees Rapid Business Growth with Online Account Opening

Find out why RBFCU partnered with Bottomline Technologies to successfully provide prospective members with the ability to apply for direct deposit accounts without having to travel long distances to a brick and mortar location.

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Top 7 Account-Opening Predictions for 2017

What will 2017 hold for financial institutions when it comes to new account openings? And—even more importantly—is your financial institution ready to take advantage of what is already hurtling toward us in this critical area, or will you find yourself scrambling to keep up with new demands and expectations?

Want to discover more about this or other Bottomline solutions? Let's talk

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