As check usage declines, mobile RDC is becoming the preferred deposit method for a growing number of credit union members (and bank customers). Financial analyst firm Celent expects RDC to account for a third of retail banking deposits by year-end 2015 and half by 2016.
Those are some pretty significant numbers for FIs to be aware of. So we invited Celent's Senior Analyst Bob Meara on the show, who researches RDC each year to spot trends and usage numbers. Bob provided us with four trends every credit union should know to stay ahead of the proverbial mobile services curve.
Bob adds that mobile RDC will become increasingly relevant — not just for mobile use cases, but more broadly. Mobile RDC is becoming the new scanner, with banks and credit unions racing to offer mRDC to small business and commercial clients. He says this trend will have a profound effect on the branch channel at many institutions as branch visits are increasingly replaced with digital deposits.