NEW CUSTOMER ACQUISITION VIA BANKING APP (PRIVATE BANK)

ABOUT THE CLIENT

Client is a leading private bank.
Geography: India

APPROACH

Qualitative
FGDs via Zoom
Sample Size - 30

PROBLEM STATEMENT

Convert non-customers via digital onboarding flow.
Users dropped off due to poor navigation and unclear CTAs.
Optimise app for seamless onboarding and better first-time user satisfaction.

OUR SOLUTIONS

5 FGDs × 6 participants = 30 participants.
Zoom platform.
Targeted recent users of digital banking services.
Assessed onboarding content, design clarity, and emotional blockers during registration.
Deliverables: Non-customer onboarding feedback report, CTA and navigation improvement recommendations, conversion strategy.

KEY TAKEAWAYS

Streamlined navigation reduced confusion.
Drop-off reasons identified: document upload hesitations and security concerns.
Contextual prompts and support integration improved perception.

OUTCOME

25% increase in account openings with streamlined onboarding.
20% reduction in drop-off rates.
18% enhancement in first-time user satisfaction.
Impact: 25% more account openings; 20% drop-off reduction; 18% satisfaction improvement; 30 participants; 5 FGDs via Zoom.
ResearchFox Team
About the Author

ResearchFox Team

ResearchFox Team brings together market researchers, analysts and editors who create evidence-led content on consumer research, B2B research, customer experience and business strategy. The team draws on ResearchFox’s experience supporting brands, startups and enterprises across India, Dubai and international markets.