09 February 2016

Royal Bank of Scotland rolls out 'Ideas Bank'

15 March 2013  |  13063 views  |  0 RBS logo web screen shot

Royal Bank of Scotland has joined the trend for crowdsourcing ideas for future product initiatives with the launch of an online 'Ideas Bank' portal.

Customers visiting the site are invited to post their ideas for how the bank can improve its services. Entries are limited to 260 characters and all postings are moderated by software for rude and abusive language before publication.

The site shows the most popular ideas and the top four topics over the previous 30 days, with mobile and online banking requests currently topping the list. The bank provides an update on ideas taken forward and is currently boasting the roll-out of a mobile app for Windows Phones, the launch of a new customer support centre for digital banking, and online improvements for the management of credit cards.

The move is a brave attempt by the state-owned bank to bring customers onside following a rash of bad publicity and recent IT setbacks, including a bungled software update last year that caused a ten-day backlog in processing payments and forced the bank to set aside £125 million in compensation.

One recent post on the Ideas Bank site by superflyguy reflects the bad feelings still harboured by some customers: "How about bringing IT back to in-house, thereby mitigating the shoddy banking services you've thus far provided since offshoring/outsourcing?"

RBS is following in the footsteps of other trend-setting banks, such as Australia's Commonwealth Bank, which rolled out its own IdeaBank site in late 2011, and UK rival first direct, which runs an online Lab for testing customer responses to new products.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

14 March, 2013
07 March, 2013
01 February, 2013
09 January, 2013
22 October, 2012
15 October, 2012
03 August, 2012
29 June, 2012
21 March, 2012
05 December, 2011
27 September, 2011
01 August, 2011
04 October, 2010
13 October, 2009

Related company news


Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
11921 views comments | 51 tweets | 45 linkedin
Digital transformation driving earnings at...
10685 views comments | 49 tweets | 43 linkedin
Visa opens up to developers
8733 views comments | 24 tweets | 41 linkedin
UK sets out open banking API framework
7493 views comments | 55 tweets | 48 linkedin
European mobile banking service Pocopay go...
7379 views comments | 24 tweets | 14 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job