Are you Banking Online? Why not?
Banking analyst house Celent has published a new Retail Banking report called "Retail Internet Banking Vendors: Luring the Laggards."
I thought it was funny they didn't say "Luring the Luddites." I bet there was a meeting about that.
The company I work for, Corillian, is the big maroon dot in the upper right corner of the chart at right. Our arch nemesis (nemesi? Just kidding, they're lovely people), Digital Insight, is the smaller dot nipping at our dot. This is a multi-dimensional chart, with the size of the dot representing the size of our customer base, although I'm unclear if it's number of users, number of banks, or dollars the bank manages.
Across all four categories, Corillian stands out as the clear leader, followed by Digital Insight. Metavante, a low performer in Celent’s 2005 report, has significantly revamped its retail platform and has performed exceedingly well registering third overall. Online Resources, Fiserv, and S1 Personal Banking also received relatively strong grades.
As we often ask ourselves around here at Cori, who is not banking online and why?
Do you, Dear Reader, access your banking information online? If not, why not? (Especially considering that you're reading this blog!) Is it a hassle? Concerns about security? Where do you bank online and why? If you don't bank online, what would it take to get you banking and paying bills online? Do you want to pay bills from your phone? Discuss...
Follow up question: I personally haven't written a paper check in at least 5 years, possibly 10. If I could turn off checking all together (like ING Direct's Electric Checking) I'd do it. Who are these older ladies with their checkbooks slowing me down at the Grocery Store, and are you one of these ladies? ;) Seriously, do you write checks, and why?