Capital Bank: Expanding the Value of Existing Products

Capital Bank is the 2018 recipient of Aite Group’s Impact Innovation Award in Cash Management and Payments for Product Development by a Small Bank.

Boston, February 26, 2019 – Given traditional remote deposit capture’s longevity and high availability, many banks perceive it as a mature product with little opportunity to grow. Capital Bank recognizes the important role scanner-based RDC plays for businesses, however, and it chooses to take a different view of the growth opportunity. Seeing potential for new use cases for the product and its underlying technology, Capital Bank makes business customers’ tasks easier, more cost efficient, and more streamlined.

Aite Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by financial institutions leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, or levels of automation and effectiveness that are bringing our industry one step closer to next-generation banking. Other reports in this series feature Aite Group’s Impact Innovation Award in Cash Management and Payments for reporting and analytics, customer experience, operational efficiency, digital channel capabilities, and product development. To learn more about the topic covered in this report, please contact us at [email protected].

Clients of Aite Group’s Wholesale Banking & Payments service can download this nine-page Impact Innovation Award report.

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