Posts

Showing posts with the label Minimum Viable Product

Why Business Banking Customers Face Delays After Their Accounts Are Approved

-
Image
  The paperwork is complete. Compliance checks are done, and the relationship manager confirms that the account is ready. Yet, the business customers still cannot use all the banking services they need. Opening a bank account is only the first step for many businesses. They may also need access to ACH transfers, wire payments, treasury services, online banking, or business debit cards. These services often involve separate applications, departments, and approval steps. So, even after account approval, some services may still be pending. This delay frustrates customers and increases bank employees' workload . Account Approval Does Not Always Mean Business Readiness Business banking onboarding involves more than verifying documents and creating an account. Several activities may remain incomplete before a customer can use the services they requested. These may include: Setting up online banking and user access. Activating ACH and wire transfers. Setting up treasury management servic...
Post a Comment
Read more

30 Days Minimum Viable Product Wisdom

-
Image
When anyone sets out to design and market a new product or system of any kind, their first inclination is likely to be to make the first release of that product or system the most functionally rich and complete that it can be. There is, however, a growing acceptance that releasing a minimum viable product (MVP) to early adopters is a far more efficient way to develop a new product or system and one that will ultimately lead to a much better deliverable. What is a Minimum Viable Product? The concept of a minimum viable product, which has been popularized by Silicon Valley entrepreneurs Steve Blank, and Eric Ries, is a design and development process in which a new product, such as an app, is developed and initially released with only sufficient functionality to satisfy the needs of the early adopters. Further features and functionality are only added to the product after consideration has been given to the feedback that has been received from those early adopters. A minimum vi...
Post a Comment
Location: Dallas, TX, USA
Read more