A digital bank account is both the product with the highest customer retention and the foundation of the consumer's personal financial ecosystem. Once the customer has opened an account, the provider is in a strong position. Payments, loans and overdrafts can be processed through the account, and more customer-centric financial products can be offered.
Learn what you need to build your own digital banking products with a short time to market – whether you are developing a solution for businesses or for consumers.
The bank account is both the product with the highest customer loyalty and the foundation for the entire ecosystem of other financial products – and customers are ready to switch! A great opportunity for brands to enter the financial services market.
Image data source: bitkom, Digital Finance 2021
Enable your customers to make transactions with a digital payment card. There is still plenty of room for competition in digital wallets. And any company can now offer physical and virtual cards with its own branding at low cost.
Image data source: VISA Mobile Payment Monitor 2022
“Our digital accounts are being reimagined to transform the customer relationship and become an anchor for an entire ecosystem of financial services. Improved data gives our partners a better understanding of customer usage, needs, and spending patterns. As a result, products can be adapted optimally, leading to higher customer satisfaction and thus stronger brand loyalty.”
SVP Product Platform - Digital Banking at Solaris