Given the increased competition to win core deposit relationships, the stakes are higher than ever for financial institutions to digitize and streamline the deposit account opening process for small businesses ($100K-<$10MM in annual sales).
Recent digital banking innovations are streamlining small business payment acceptance, making transactions faster, easier, and more secure. While fintechs dominate this space, few traditional financial institutions have kept pace.
The Digital Business Banking Test Drive is an ongoing study conducted by Barlow Research Associates to look at the online and mobile banking platforms offered to small business customers by the top banking providers in the United States