Mobile Banking’s Next Generation - Multichannel Strategy
Every Financial Institution today is addressing how to best deploy a mobile banking product — whether considering next generational capabilities, or evaluating vendors for a first-time rollout. But how do you choose? Aside from each product’s features, how does your mobile deployment meld with your overall multichannel delivery strategy?
Flexibility…With approximately 30 companies offering a mobile banking product, half of which being merely resellers, a feature / function comparison yields a spectrum of pros and cons. But future functions are already demanding consideration, like business payment authorizations, remote deposit and near field communication. How accommodating is the product for what will assuredly come down the road?
Channel Consistency…Continual demands for upgrades and innovations will also be placed on mobile’s uniformity with your other channels. Can a ‘me too’ offering provide the “uniform customer experience” across all your channels — an increasing expectation in today’s market?
Channel Data… Conversely, does the product provide information you need to make more informed decisions about your customer base?
ROI…Maybe the toughest issue — but easier if your mobile deployment has returns beyond just the mobile channel!
Industry Expertise…And finally, is the vendor limited to this one channel solution, or does it have experience delivering and integrating all of a bank’s applications?
Wouldn’t it be easier if a single product could not only satisfy your specific mobile requirements, but also provide a solution path for a comprehensive Multichannel Delivery Strategy?