Many consumers, especially millennials, are shifting to mobile as their channel of choice for everything, including account opening. As a result, mobile account opening will overtake desktop account opening by 20% in 2016. The fact mobile capture technology has made the mobile account opening process 50% faster than the traditional method of data entry will encourage this shift.
2016 will be the tipping point where advances in security, maturity and user experience will lead to the mass adoption of biometric authentication in the mobile channel.
