Deployment of branch image capture solutions continued unabated in the past year, recession or not, according to a new report.

Analysts with Boston-based Celent said there were an estimated 2,300 implementations among American banks and credit unions last year, bringing the total to more than 12,000.

About 80 percent of all financial institutions use branch capture or are planning to, and 97 percent receive electronic images, Celent said, with the "dismantling of paper check processing infrastructure" soon to force the hand of the rest.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.