Mitek, Bank of America, BCSG, RBS Citizens, Citi and Yodlee Win 2013 Monarch Innovation Awards posted 04/05/2013

Press Release



Press Release


Barlow Research Press Release - April 5th, 2013

MINNEAPOLIS, April 8/Business Wire/ - Mitek, Bank of America, BCSG, RBS Citizens, Citi and Yodlee are winners in Barlow Research's 2013 Monarch Innovation Awards as announced Friday by Barlow Research Associates, Inc. ( The winners were chosen for their innovative products and features.

The Monarch Innovation Awards ( are unique and coveted. The 2013 Monarch Award nominations are scored based on uniqueness, stickiness, dependability, ease of use and value. This year's winners were rigorously judged by a panel of four jurists:
Robert Berini, Deloitte Consulting LLP; Bill Hippensteel, BAI; Nick Miller, Clarity Advantage Corporation; and John O'Connor, Praxis Advisors, LLC.

Overall Most Innovative Award: Mitek Mobile Deposit® 3.0
Mitek won the “Overall Most Innovative Award” for its Mobile Deposit® 3.0 product. Mobile Deposit® 3.0 provides business customers the ability to take a picture with a smartphone or tablet and deposit the amount to the bank. This technology is secure, convenient and easy to use. It is also available anywhere, anytime saving trips to the branch. Mitek estimates facilitating more than $40B in check deposits to date.

Innovative Product Award: RBS Citizens Corporate Finance Alliance
RBS Citizen's Corporate Finance Alliance is the result of a collaboration with Oppenheimer & Co. The primary innovation of this product lies in the ability to enable the RBS Citizens' Relationship Managers to serve as objective advisors while delivering deep, sector-specific expertise that goes far beyond what comparable banks offer.

Innovative Feature Award: Bank of America Merrill Lynch CashPro® Online Dashboard
The Bank of America Merrill Lynch CashPro® Online Dashboard is a client-inspired solution created to simplify how businesses work. It uses an intuitive interface that businesses can tailor to their needs. By having the ability to monitor and perform essential activities from a single display, businesses have the power to accomplish more with fewer clicks.

Innovative Industry Partner: BCSG Business Hub
BCSG's Business Hub delivers a flexible platform that allows financial institutions to create packages of innovative web applications that address the biggest challenges small businesses face. Business Hub helps small business owners save time and money and enables financial institutions to differentiate their small business propositions, and build deeper engagement and loyalty.

Honorable Mention – Product Category: CitiDirect BESM eBAM
CitiDirect BESM eBAM is an innovative web-based application that is available through the CitiDirect BESM portal, providing electronic forms, online request status, and reporting for account management requests, enabling self-service for clients. CitiDirect BESM eBAM makes it easier and more efficient to open and maintain accounts and provides clients with visibility and control by allowing them to electronically initiate and track requests as well as see their Account and Signatory information online.

Honorable Mention – Feature Category: Citi Trade Advisor Mobile
Citi Trade Advisor Mobile's primary innovation is bringing real-time, on-the-go access to critical trade transaction information through browser-based mobile connectivity. This extends the utility, convenience and power of the industry-leading CitiDirect BE sm Mobile platform, allowing issuing banks, importers and beneficiaries to access the robust data they need, when they need it, and in real-time.

Honorable Mention – Industry Partner Category: Yodlee Platform
The Yodlee Platform enables financial institutions to offer unique digital experiences to different customer segments, such as small businesses. Powered by real-time access to all financial accounts, Yodlee created a series of financial applications (FinApps) to help small business owners easily manage their cash flow, invoices, expenses and much more, all from an integrated banking experience.

About Barlow Research Associates, Inc. (BRAI):
Barlow Research Associates, Inc. was founded in 1980 to provide research and consulting services to the banking industry in the U.S. and overseas. BRAI specializes in custom research, strategic consulting and syndicated research programs in small business, middle market and Internet banking. All three syndicated programs provide a continuous flow of market knowledge and competitive intelligence to member institutions.

Contact: Youa Yang, Barlow Research Associates, 763-253-1825 or