Reduce Friction for Self-Service and Employee Assisted
- Increases in completion rates for mobile self service account opening and increasing data integrity
- Faster and more engaging account opening and funding in the branch and community with mobile imaging enabled tablet apps
- Engaging and retaining digital natives through their financial life for higher lifetime value
Eliminates Notoriously Cumbersome & Error Prone Manual Data Entry
Current mobile account opening processes are frustrating. Small keypads on mobile devices lead to data entry errors.
The current process is not user friendly and leads to high abandonment rates. A large percentage of accounts are still opened in branches, but the process is time consuming and does not engage the customer.
Mobile Photo Account Opening™ addresses these issues and enhances the account opening process by enabling financial institutions to reduce the friction in the enrollment process for checking, savings, credit cards, and other transactions with mobile imaging. This solution eliminates the notoriously cumbersome and error prone manual data entry on a mobile device. Consumers and employees simply capture a picture of the front and the back of driver’s license and the validated data is automatically populated into the account opening application
Self Service Plus Assisted Service in the Branch & in the Community
Mobile Photo Account Opening™ is also a great tool to improve employee interaction with constomers by streamlining account opening in the branch and in the community. Utlilizing a tablet makes account opening a faster, more friendly and engaging process. Seamlessly integrate with existing account origination, identity proofing, and fraud prevention providers like Experian so it facilitates existing processes. This product will have a profound impact on net profits by enabling acquisition of the sought after digital natives and mobile first consumers while moving them to a lower cost self service channel.
Leverages Mitek’s Mobile Imaging Platform
Mobile Photo Account Opening™, and the entire suite of Mitek Mobile Imaging Solutions for Banking utilizes Mitek’s Enterprise-class, patented Mobile Imaging Platform.