How Can Financial Institutions Prepare for Mounting Abandonment Rates?

Sep 17, 2018 / by Raiha Buchanan

On-boarding drop-out rates are rising significantly for financial service institutions. Banks are now losing 52% of their potential customers to application drop-out, an increase of 35% from two years ago. Consumers are increasingly frustrated with time-consuming, legacy processes and are willing to switch to challengers in their search for a streamlined, user-friendly experience. In fact, 43% of customers who had low satisfaction during new account opening indicated they will “definitely or probably” switch as a result.

Image Credit: Etienne Boulanger

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Topics: Tech, onboarding, Data, Lending, Finance, News

Your Opportunity to Reach Half a Billion People

Sep 4, 2018 / by Helene Stafferöd Westerlund

2018 has been a fantastic year for Swedish startups. In the past 8 months alone, Stockholm has given birth to 3 new unicorns, and has been home to some of the world's biggest tech exits, including the $29B IPO of home-grown Spotify in April.

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Topics: Tech, AI, ML, Startups, Instantor news, product, News, Data

Why is On-boarding Abandonment Increasing?

Aug 16, 2018 / by Raiha Buchanan

As Financial Services processes continue to become digitised, one could almost be forgiven for expecting that more consumers would, therefore, complete the on-boarding process. Yet, drop-out rates are mounting as modern consumers demand easier online applications. This increase is spurred, in part, by how mobile technologies have raised consumer expectations, as users expect simplicity in design and experience. 

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Topics: Tech, News, Lending, Finance, Data

Insight Is Here

May 22, 2018 / by Simon Edström - CEO

Two weeks ago we gave you a sneak peak into the future of our products. We were so grateful to receive so much interest. And now, here it is, the moment you have all been waiting for!  We’re now ready to share our new product with you. So, we are proud to present; Insight.

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Topics: product, News, Instantor news

We're The Third Fastest Growing FinTech in Sweden

Apr 16, 2018 / by Simon Edström - CEO

 

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Topics: API, News, Instantor news, product