Businesses have unique needs for digital cash management tools and advanced capabilities beyond the needs of the retail user. A complete digital business banking experience deepens relationships with business customers and increases transaction volume and revenue.
Corporations and small businesses represent a strong growth opportunity for financial institutions that are able to develop innovative ways to attract and retain these business customers. For institutions targeting the commercial market, a primary focus is delivering digital banking services for business accountholders.
Mobile banking is also on the rise among businesses. Data from the 2013 Small Business National Research conducted by Raddon Financial Group reveals that 35 percent of small businesses use a smartphone for business banking and 25 percent use a tablet for business banking.Download