• Subscribe   
  • Subscribe   

The 2012 Paperless Banking Challenge: Interim results

Paperless banking
The 2012 paperless banking challenge. Here’s a reminder of the three projects:
Billentis Blog Infographic Desktop 1

The Paperless banking challenge interim results

Bank A:

This project was over before it began. The web portal team took over the project and didn’t want any interference with their current model – potentially due to personal incentives. Apparently, less than 5% of the one million customers have signed up over the past 5 months.


  • Results are predictable as most of the customers wanting to use Internet Banking already are.
  • Each incremental percentage adoption is harder than the last.

Conclusion: In order to break through the adoption barrier, a new approach is necessary. Instead of the website-only paperless adoption project, they should include “Push” as an additional option..

Bank B:

Sign-ups are disappointing, with around 2% of the targeted customer base going through the three page registration process.


  • Although there are consistently hundreds of customers opting-in each day, it falls far short of the thousands required to meet expectations.
  • It highlights how critical the on-boarding process is. If you have barriers to adoption at the beginning, then it doesn’t matter how compelling the offering is, customers will drop off in droves at each barrier.

Conclusion: Cut through the adoption barriers by offering a registration free paperless process – a simple opt-in via email.

Bank C:

The results are very impressive. Just under half of the initial on-boarding emails are opened and over 85% of customers choose eStatements. A simple YES and NO button has forced people to make a choice rather than just do nothing. Customers in month’s two and three are also opting for Push eStatements, driving the total to 53% of customers (with an email address) turning off paper.


  • Fantastic results – more than expected and on track to convert 50% of their customer base to eStatements within 6 months.
  • This has the potential to be a world leading case study for paperless adoption of bank statements when it has run its course. And the long term prognosis is even better as the program keeps running for both old and new customers.


The moral of the story is simple – to move the paperless dial you need the right model – but even that can be negated by a bad customer journey.

The good news is that we have a case study for the perfect paperless adoption process.

Improve the customer experience with secure document delivery today


By submitting your details via this form, you are consenting that we receive and store your information for the exclusive purpose of contacting you.
  • We will not share or publish your information or process it for any other reason.
  • Once your request is fulfilled, we will either delete your information or request your consent for further processing.
  • Please find additional information in our Privacy policy.
View our Terms of use | Protected by reCAPTCHA.