Best Practices in Remote Deposit Capture: The Seven Habits of Highly Effective Deployers
AbstractNew York, NY, USA September 6, 2007
Best Practices in RDC: The Seven Habits of Highly Effective Deployers
Highly effective deployers of remote deposit capture share habits that span strategic, organizational, and tactical realms, leading to a hundred-fold advantage.
Adoption of remote deposit capture (RDC) solutions among financial institutions has been extremely swift and broad based. With over 4,000 financial institutions expected to have launched RDC products by the end of 2007, RDC represents the most rapidly adopted technology in US financial services history.
But the number of client deployments has been unremarkable by comparison. Based on surveys of RDC vendors, aggregators, and hardware manufacturers in March 2007, cumulative client deployments numbered just 112,000, or a mere 38 client locations per deployer. Differences among banks are stark, with highly effective deployers enjoying a hundred-fold advantage in the number of RDC clients deployed.
Comparing the Best to the Rest
|Market Segment||Average RDC Clients Live|
|Top 10 Highly Effective Deployers||4,200|
|Rest of US Market||19|
|US Market Average||38|
|Source: Celent analysis of vendor data and deployer interviews|
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].
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