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UK banks lose 40% of customers to lengthily on-boarding processes

UK banks are losing around 40% of their applicants due to lengthily and tedious on-boarding processes.

That’s according to research from Signicat, published in its report “the Battle to On-Board”. The report states that more than a third of process abandonments were down o the length of time it takes for the user to complete them, while another 34% of drop-outs were down to the bank requiring too much personal information.

The number of abandoned applications on average has also increased from 26% to 45% in the past year.

For the full article by Alex Hamilton IBS Intelligence, April 5th 2016, please view Links

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  • Data, Telekom, IT


  • signicat assure
  • signicat
  • nykundsprocess
  • eid

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