Case Study: Equitable Bank Increases Account Holder Engagement & Mobile Cheque Deposit Success Rates with Alogent’s Mobile Deposit Services
It is no secret to financial institutions that staying competitive means keeping products and services reliable and ahead of trends in consumer preferences. Real life however, is rarely that simple. Equitable Bank of Toronto, including its EQ Bank digital banking service, was in such a position – trying to strike the right balance between delivering reliable mobile based cheque capture abilities, while finding a cost-effective solution to replace what they had been using. Alogent's Mobile Deposit Solutions (MDS), a fully hosted, end to-end mobile cheque acquisition and processing platform, was just what the bank needed and live in only 4-months after a contract signature.