Contact Information: Contact Information: Dan Mahoney 970-405-8060 www.csg-pr.com
FIRST ROI Launches Most Advanced Online Account Opening System for Community Banks and Credit Unions
Marketing-Enriched "INMO" Combines Secure Technology and Lead Management Capabilities
| Source: FIRST ROI
AUSTIN, TX--(Marketwire - May 12, 2009) - FIRST ROI, a full-service marketing firm
exclusively focused on supporting community financial institutions,
announced today the launch of INMO online account opening.
Powered by MeridianLink, a leading provider of enterprise business
solutions for the financial services industries, INMO combines FIRST ROI's
user interface proficiency and lead management capabilities with
MeridianLink's robust infrastructure and expertise in the ID verification,
authentication, and applicant-screening integration. Together, the
organizations have developed a robust, quick-to-launch online account
opening system for retail DDA, CD, and/or savings account applications that
increases applications, improves funding rates, drives efficient
back-office workflow.
"Success with online account opening goes far beyond placing an 'Open Now'
button and application on your website," said John Waupsh, CEO of FIRST
ROI. "Over the past few years, we've learned effective online account
opening is driven by tracking lead follow-up, employing best practices to
convert 'in-review' applications, as well as carefully measuring drop-out
rates and offering incentives to complete applications. Traditional online
account opening products fail in this regard. Today, community banks and
credit unions across the country now have a truly effective online account
opening solution: INMO."
In addition to secure account opening services, INMO incorporates several
unique account acquisition features, including:
-- Sophisticated Lead-Management Console increasing back-office
efficiencies and account funding rates
-- World-Class Analytics, the industry's most robust online marketing
analytics
-- Open Accounts at Your Domain so prospective account holders don't
have to leave the comfort of your site
-- Open Accounts at the Branch with service representative screens to
enable quick, live account openings.
-- Best Practices Design informed by the network of hundreds of
community financial institutions that are clients of FIRST ROI.
The launch of INMO comes at a time when community financial institutions,
already down from a 70% market share in 1994 to 30% today, are facing stiff
competition from mega banks and direct banks. According to a recent survey
from Synergistics Research Corp., about four in ten Internet households
currently have a relationship with an Internet-based financial institution,
nearly twice the amount reported in a 2007 Synergistics survey.
"Community financial institutions need the best products and services to
compete in this market," concluded Waupsh. "INMO empowers these
institutions to literally skip to the next generation of online account
opening to put them on a level playing field with the Internet-only and
mega-banks offerings."
FIRST ROI
FIRST ROI is a full-service marketing firm exclusively focused on helping
community financial institutions win the war against the mega banks and
direct banks by providing online and offline marketing strategy and
execution. Serving more than 450 community financial institutions, FIRST
ROI is best known for its FIRSTBranch and CheckingFinder offerings that
fortify community financial institutions with everything necessary to
profitably acquire online accounts from e-commerce driven website
development and comprehensive online marketing programs to an advanced lead
management system. FIRST ROI is a partner of BancVue, the leading provider
of innovative software, marketing, and consulting solutions to community
financial institutions nationwide. For more information on FIRST ROI, visit
www.FIRSTROI.com.