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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How many accounts are opened online? How many of those applications come via smartphone or tablet devices? What time of day do these applicants apply, and who are these applicants? And most importantly, what can you do to keep them from quitting the application, and position yourself for account opening success in the future? For […]

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Here at Andera we spend a lot of time talking about the “virtual branch.” Our digital account opening solution, oFlows, provides vital functionality that turns your website from a something that’s basically a bulletin board plus a portal to online banking into a true “digital place.” We make it possible for banks and credit unions […]

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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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As a Gen Y’er, I value two things in this world: the internet and mobile. My father – who recently sent me a worried iMessage reporting the number of texts on my Verizon bill last month – would say that online and mobile are too important to me, and have infected me with two terrible buzz-word afflictions, […]

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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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Hanscom Federal Credit Union didn’t grow a 51,000 member base overnight. Rather, the incredible success of this FCU stems from their core commitment to what most think is an oxymoron: an interpersonal technological experience. Hanscom relies heavily on online services. From January 1, 2013 to September 30, 2013, 51% of new members joined online, and 70% of […]

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In a lot of ways, attracting new consumers is like dating: finding people who are interested in what you have to offer, and beginning a relationship that will change both your lives. But you can’t blindly ask just anyone to be your date; you wouldn’t ask some one on a date without knowing what they’re […]

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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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888.356.1100