Uploaded on Dec 6, 2022
Looking for a business banking consultant? Ccgcatalyst.com has a team of experienced professionals that can help you with all your business banking needs. We offer a wide range of services, including business banking consulting, business loan consulting, and more. Contact us today to learn more about our services.
Business Banking Consultants
Business
Banking Consultants
Looking for a business banking consultant? Ccgcatalyst.com has a team of
experienced professionals that can help you with all your business banking
needs. We offer a wide range of services, including business banking
consulting, business loan consulting, and more. Contact us today to learn
more about our services.
About
Digital Account Opening in Business Banking: Getting It Right
Digital account opening is centerstage today in the
banking industry, especially against the backdrop of the
Covid-19 pandemic, which made being able to acquire
and serve customers remotely a necessity. In retail
banking, this capability is nearly ubiquitous, with focus
now shifting to optimizing the experience and achieving
differentiation to pull in customers. In our recent report,
Digital Account Opening in Retail Banking: Competing O
n First Impression
, we explored where banks in the US currently stand on
this area and how it is evolving into the future. In this
second installment, we tackle digital account opening for
business banking — a much tougher and newer frontier.
Business banking has long lagged behind retail when it
comes to digital account opening. This is largely down to
the more complex relationships and workflows involved,
which make it difficult to automate key functions. As a
result, there are not many business deposit accounts
currently being opened fully digitally.
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