Fintech demo: “We were blown away by the interactive PDF eStatement”Published on 26 Nov 2012
Striata took to the stage for a seven minute demo of its powerful interactive PDF bill at *FinovateAsia in Singapore on 06 November 2012.
eBilling Insight covers the reaction to Striata’s demo.
Most banks and large companies have developed online eDocument solutions without real success. Striata’s ‘push’ email delivery solution continually delivers record-breaking figures of paperless adoption. The key to successful paper turn-off is giving customers an alternative that’s better, more secure and is just as easy as opening an envelope.
Striata continues to focus on customer convenience and ease of use and demonstrated how billers can drive paperless adoption by utilizing the power of email. Striata’s new interactive PDF delivers an added value experience for the end user. The dynamic eStatement includes intuitive navigation; sorting and grouping of data; interactive graphs; payment reminders; dispute functionality and access via single sign on to the biller portal. Key to its success is that payment can be facilitated directly off the face of the PDF, without the customer having to visit a website.
The bill is delivered directly to the customer’s inbox – all that is required is an email address. The paper turn off consent process can be built into the interactive email bill or facilitated in the introductory email. This process has enabled Striata to achieve adoption rates in excess of 60%.
Striata also showcased its mobile one click payment functionality, which will further enhance companies’ eBilling ROI through quicker payments. Bill recipients are now not only able to view their bill on-the-go via their email enabled mobile devices but can also make an instant one click payment.
“Our powerful interactive PDF bill, with its integrated, registration- free adoption process (eConsent); shared password security; instant dispute capability, and mobile one click pay will definitely move the goalposts for paper turn-off in Asia with adoption rates of 20%+ per year being within reach,” said Keith Russell, Sales Director, Striata Asia Pacific.
FinovateAsia is a demo-based conference for innovative start-ups and established companies in the fields of banking and financial technology; one of a series of such conferences held around the world. FinovateAsia is held in Singapore, one of the world’s premiere financial capitals, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateAsia is organized by Online Financial Innovations. For more information on the event, or to view videos of previous demos, please visit the FinovateAsia website.