Opening a bank account digital makes a lot of sense for most people. Not every financial institution offers that functionality in 2018, though Radius Bank is the last firm to introduce digital account opening opportunities. After collaborating with fintech startup Mantl, this new solution is now available to its users. A frictionless customer experience is a top priority for the bank, by the look of things.
It is always good to see banks evolve in this day and age. With a shifting focus on digital and mobile, entities have to step up their game. Radius Bank is no exception in this regard. The bank is now on the same level as a lot of its competitors, Their new digital account opening platform will be of great joy to a lot of their customers. Moreover, it may help attract additional clients in the months and years to come.
A big Step Forward for Radius Bank
To build this new platform, Radius Bank partnered up with Mantl. This is a big move for the fintech startup. It only further confirms how banks and fintech companies can be quite beneficial to one another. Opposing innovation is no longer an option for anyone in the financial sector as of right now. As of today, Radius Bank customers enjoy a frictionless account opening experience. Setting up an account takes four minutes or less through this new system.
Radius Bank President and CEO Michael Butler comments:
“We are excited to have partnered with Mantl to launch this industry-leading onboarding platform. Consumers today expect a seamless banking experience, akin to the daily interactions they have with other digital companies in different industries. We believe that we are providing that type of experience with our new platform.“
Building a digital onboarding solution from scratch is not all that evident. It goes to show Radius Bank has big plans for the future of digital banking. Especially the integration of this system with legacy infrastructure was a bit of a challenge. It all turned out alright, though, which is all that matter. This new solution can also integrate with third-party vendors, as well as Facebook and Twillio. It is good to see smaller banks innovative just like any other financial institution these days.
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