How to Implement an Online Account Opening Solution for Your Bank or Credit Union

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As more business shifts to digital platforms, consumers have increasingly begun to make the move towards institutions that offer the convenience of online banking. IgniteOpen can help your bank or credit union attract digital consumers by providing an easy, efficient, and effective online account opening solution.

Why Does Your Bank or Credit Union Need an Online Account Opening Solution?

Today’s modern financial consumer is far more likely to expect an end to end digital solution for their banking needs. The desire for easy to use, digital banking tools has increased exponentially since the onset of the pandemic. Recent banking industry reports indicate an 85% increase in the number of banking consumers using mobile banking tools since the onset of the pandemic, with as much as 60% of those online banking customers stating that they do not expect to return to conducting in person transactions following the end of the pandemic.

Clearly, the banking public prefers the convenience, and comfort of conducting financial business in a digital format. Beyond the obvious benefits that arise from catering to the desires and preferences of consumers, an IgniteOpen online account opening solution offers several significant benefits to your banking institution.

Maintain a Competitive Edge

The modern banking customer has come to rely on the convenience of digital banking transactions. While large banks have long provided a slate of digital banking tools for their financial customers, many smaller banks and credit unions have found themselves struggling to compete.

IgniteOpen offers a streamlined, easy to implement online account opening solution that helps even the playing field by allowing smaller financial institutions to provide their clients the same digital conveniences offered by the large banking institutions.

Exceed Customer Expectations

Attracting, and nurturing a strong customer relationship takes time, and effort. IgniteOpen online account opening solution makes it easy to welcome new customers to your bank or credit union by providing them with a simple, and speedy onboarding process.

The streamlined onboarding program allows prospective financial customers to introduce themselves, and sign up for account services in an efficient, and user-friendly way that meets, or exceeds their high expectations.

Protect Your Bottom Line

An online account opening solution offers a far more cost-effective onboarding solution than the traditional in-person account opening procedure that saves your bank or credit union labor and processing costs. The cost savings generated by implementing an online account opening solution can then be passed on to the consumer, or used to help grow your financial institution. The choice is yours!

How To Implement IgniteOpen Online Account Opening Solution

IgniteOpen makes it simple to offer the online account opening solution that today’s banking consumers are looking for.

Schedule A Discovery Meeting

The first step towards implementing an online account opening solution starts with scheduling a discovery meeting. During your meeting, you will be able to talk with one of our experienced banking experts to discuss the unique needs of your bank or credit union.

Our highly trained banking professionals will walk you through the onboarding process and assist you with implementing an online account opening solution using your institution’s existing legacy framework.

Launch A Pilot Onboarding Program

IgniteOpen offers a team of banking experts with a wealth of first-hand experience in the banking industry. Our dedicated former banking professionals will work side by side with your in-house team members to create an easy to implement, efficient, and effective roadmap to build and launch a pilot online account opening solution for your financial institution.

Reap The Rewards Of Scalable, Accelerated Growth

Once your online account opening solution has been built and launched there is nothing left for your bank or credit union to do. Simply, sit back and enjoy the financial, practical rewards of scalable, accelerated growth. This goes hand in hand with implementation of a modernized banking solution.

The IgniteOpen Commitment

When you decide to partner with IgniteOpen you’ll partner with a team of experienced banking professionals with a wealth of industry experience who understand your goals and needs. At IgniteOpen, our team is committed to helping your bank or credit union deploy a scalable, cost-effective, end to end online account opening solution capable of delivering the modern digital banking experience that today’s financial consumers expect.

Ready to learn more about adding an online account opening solution to your bank or credit union’s digital repertoire? Schedule a discovery meeting to get started today!

Key Takeaways:

  • Recent banking industry reports indicate an 85% increase in the number of banking consumers using mobile banking tools since the onset of the pandemic.
  • IgniteOpen online account opening solution offers several significant benefits to your banking institution.
  • While large banks have long provided a slate of digital banking tools for their financial customers, many smaller banks and credit unions have found themselves struggling to compete.
  • IgniteOpen offers a streamlined, easy to implement online account opening solution that helps even the playing field.
  • Smaller financial institutions are able to provide their clients the same digital conveniences offered by the large banking institutions.
  • Our team is committed to helping your bank or credit union deploy a scalable, cost-effective, end to end online account opening solution capable of delivering the modern digital banking experience that today’s financial consumers expect.

Connect with one of our banking experts to discover how our digital onboarding solution works.

Request a Demo

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