January 29, 2024 in Challenges and solutions
Establish multi-product relationships with Shopping Cart
Accelerate multi-product origination with Blend's Shopping Cart. Convert interest into activated deposit and loan accounts instantly, reducing application abandonment.
Key Takeaways
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Accelerate multi-product origination: The experience helps bankers and customers establish multi-product relationships (like deposits and consumer loans) in the time it usually takes to open a single product.
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Reduce application abandonment: It removes the real and perceived headaches of migrating multi-product relationships, which potentially reduces the number of total abandoned account applications.
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Drive deposit growth: For your bank or credit union, this can mean accelerated revenue recognition through faster deposit growth and reduced labor expenses due to optimized services.