Mobile RDC: A Growth Opportunity Among Small-Business and Corporate Customers
Report Summary
Mobile RDC: A Growth Opportunity Among Small-Business and Corporate Customers
Banks can generate new streams of revenue by offering remote deposit capture to new customer segments through the mobile channel.
Boston, May 16, 2018 – Today, more than 85% of U.S. banks offer RDC. The primary target market for RDC has historically been large and midsize corporate customers, but first-time adoption among this customer segment has peaked. Banks are now forced to look for new ways to leverage this technology and the value it offers in an effort to expand its reach to small businesses and corporations with remote workforces.
This Impact Note explores bank strategies and goals around mobile capture for small business and corporate customers, their progress to date, and the key drivers of their initiatives. It is primarily based on the results of a January to February 2018 Aite Group phone survey of RDC product managers at 21 of the 70 largest U.S. banks ranked by total asset size.
This 20-page Impact Note contains 13 figures and three tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.