B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Dated
90%
90% -- application error reduction rate for BMO Financial Group (2021)
BMO Financial Group achieved a 90% reduction in errors after digitizing its small business credit card application process.
Attribution:
View source
Lighthouse Research Team
Last verified:
·
How we verify data →
Source verified
Evidence graded
Value
90%
Unit
Percentage
Data Vintage
2021
Entity
Geography
EMEA
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
Quadient
Primary
Tier B
https://www.quadient.com/de/learn/customer-communications/banks-struggle-digitize-commercial-banking ↗
Source Article
Defining the future of the space: Why banks struggle to digitize commercial banking processes
Introduction
As the lines between office hours and off-time blurred in the midst of the pandemic, consumers demanded safer, more convenient, more digital ways of doing business. Top banks swiftly adapted to these digital demands, and many of the changes are here to stay.
Commercial banking has recei…
Original Research
Quadient
· Original study ↗
Methodology
Vendor case study reporting error reduction after digitizing small business credit card application process
Methodology documented
Segmentation
IndustryFinTech
Company SizeSMB
RegionEMEA
Cite this stat
Plain Text
BMO Financial Group: 90% application error reduction rate. Source: Quadient (2021). Via Lighthouse Intelligence -- https://lighthousedata.io/data/bmo-application-error-reduction-90
HTML Embed
<blockquote cite="https://lighthousedata.io/data/bmo-application-error-reduction-90" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>90%</strong> -- application error reduction rate for BMO Financial Group<br><small>Source: Quadient (2021) · <a href="https://lighthousedata.io/data/bmo-application-error-reduction-90" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
Share
Use this data in your work
Copy the citation, embed the widget, or explore thousands more verified marketing statistics -- all free.