Simplify bank onboarding by automatically migrating your customer’s existing banking relationships.
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For consumers, opening a new bank account can be a daunting task. Subscriptions like internet and phone providers, streaming services, ride share apps, etc. need to be migrated from the old bank to the new bank. Switching them all is daunting for your customers. It can take days to complete, and it's prone to user error which means lost interchange.
Solution
Knot allows users to quickly and securely switch their old card on file information to their new card information. Knot gives you the power to allow your customers to instantly update their card information across the merchants they use. This means more bank account utilization from day one, and more revenue for your bank.
Increase frequency of transactions by automatically
updating card on file and saved payment methods.
By changing their payment methods to your bank, users will hold more money at your institution and make it a no-brainer to switch their direct deposit
Ethan Bloch, Founder & CEO, Digit
Knot provides developers with simple tools they can use to create great experiences for their customers. What can you build?
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