Early Warning Blog

Shirley Inscoe, Sr. Analyst at Aite Group

Recent Posts

Adapting DDA Account Strategies for Greater Financial Inclusion

Posted by Shirley Inscoe, Sr. Analyst at Aite Group on Nov 28, 2016

Financial institutions (FIs) continue to place a greater emphasis on enabling new account-opening growth through online and mobile channels, and expand their product offering to foster financial inclusion and growth. In my recently published study New DDA Strategies: Balancing Risk and Regulators, over 40% of FIs in every category with the exception of the largest FIs already offer some type of second chance account. While only 17% of the largest FIs currently offer second chance accounts, another 17% are planning to do so and 50% are evaluating whether to do so.

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Topics: Authentication, Identity, Digital Identity Assessment