Digital account opening is a top priority at many financial institutions, for good reasons. With loan-to-deposit ratios above or approaching 100%, banks and credit unions can't afford to lose out on potential deposits due to ineffective or inefficient account opening processes. A "friction-free" process is essential to the digital account opening experience, but achieving this goal may be harder than it looks for institutions jumping into the DAO waters.
In this free report, Cornerstone Advisors identifies five common mistakes that financial institutions make—and should avoid—when deploying digital account opening tools and technologies.
To learn how nCino's Deposit Account Opening Solution offers a fast and simple application experience for both customers and employees, please schedule a demo: www.ncino.com/deposit-account-opening
“Not long ago, most financial institutions basically had the same digital account acquisition capabilities. Not anymore. Leading institutions are pulling away. Banks and credit unions that don't provide end-to-end digital account opening must upgrade quickly.”
Cornerstone Advisors