CLICK TO EDIT MASTER TEXT STYLES
INSIGHTS. RESEARCH. ADVISORY.
CROWDSOURCING OPPORTUNITY IN CHECK PROCESSING
February 2012 RESEARCH REPORT PREVIEW
M.2.2.013
© 2012 Crowdsourcing, LLC
|
research@crowdsourcing.org
PAGE 1
RESEARCH REPORT PREVIEW CLICK TO EDIT MASTER TEXT STYLES
INSIGHTS. RESEARCH. ADVISORY.
ABOUT THIS RESEARCH
This research report is a part of the CsFactor™ series of analyses of crowdsourcing opportunities in the enterprise market. This report analyzes the crowdsourcing opportunities in the Check Processing (CP) operational segment of the retail banking industry. The report features:
An overview of the CP market, delving into the history of CP, global volume trends, processing approaches, and regulatory differences. The results of the application of Crowdsourcing.org’s proprietary CsFactor methodology to evaluate CP from a crowdsourcing opportunity point of view. A detailed process map, tasks analysis, and cost structure analysis of CP. A conclusion about the potential crowdsourcing opportunity. The implications for market stakeholders.
M.2.2.013
© 2012 Crowdsourcing, LLC
|
research@crowdsourcing.org
PAGE 2
RESEARCH REPORT PREVIEW CLICK TO EDIT MASTER TEXT STYLES
INSIGHTS. RESEARCH. ADVISORY.
TABLE OF CONTENTS
ABOUT THIS RESEARCH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 KEY MESSAGES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 1. ABOUT CHECK PROCESSING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2. CsFACTOR ANALYSIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 3. PROCESS MAP AND COST STRUCTURE ANALYSIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 4. CROWDSOURCING OPPORTUNITY ESTIMATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 IMPLICATIONS FOR MARKET STAKEHOLDERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 ACKNOWLEDGEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
M.2.2.013
© 2012 Crowdsourcing, LLC
|
research@crowdsourcing.org
PAGE 3
RESEARCH REPORT PREVIEW CLICK TO EDIT MASTER TEXT STYLES
INSIGHTS. RESEARCH. ADVISORY.
ANALYSIS OF CROWDSOURCING OPPORTUNITIES IN CHECK PROCESSING
1. ABOUT CHECK PROCESSING
Overview of Check Processing process as a part of retail banking operations. Assessment of volumes, regulatory environment, and challenges in delivering or sourcing the process. Summary of CsFactor, Crowdsourcing.org’s proprietary methodology for evaluating crowdsourcing opportunity. Results of applying CsFactor to Check Processing; initial assessment of the crowdsourcing opportunities in CP Analysis of the cost structure of Check Processing, including labor costs. Analysis of the process map of Check Processing and identification of activities that present high potential for crowdsourcing adoption. Analysis of Check Processing volume by delivery channel. Estimation of the volumes and costs of Check Processing tasks, addressable by crowdsourcing. Total estimate of the total crowdsourcing opportunity in Check Processing in the US.
2. CsFACTOR ANALYSIS
3. PROCESS MAP AND COST STRUCTURE ANALYSIS
4. CROWDSOURCING OPPORTUNITY ESTIMATE
M.2.2.013
© 2012 Crowdsourcing, LLC
|
research@crowdsourcing.org
PAGE 4
RESEARCH REPORT PREVIEW CLICK TO EDIT MASTER TEXT STYLES
INSIGHTS. RESEARCH. ADVISORY.
THE REPORT FEATURES ~30 PAGES OF EXTENSIVE ANALYSES OF CROWDSOURCING OPPORTUNITIES IN CHECK PROCESSING
M.2.2.013
© 2012 Crowdsourcing, LLC
|
research@crowdsourcing.org
PAGE 5
CLICK TO EDIT MASTER TEXT STYLES
INSIGHTS. RESEARCH. ADVISORY.
ABOUT MASSOLUTION
Crowdsourcing.org is an initiative by massolution. This research has been produced by massolution, a unique research, advisory, and implementation firm that specializes in crowdsourcing solutions for private, public, and social enterprises.
We work with leading organizations to deliver crowdsourcing business models that access an ondemand, scalable workforce to deliver improved business performance and to drive product and service innovation and enhanced levels of customer engagement. Our team has experience working in large enterprise environments designing, implementing, and managing crowdsourcing initiatives.
CROWDSOURCING, LLC Email: research@crowdsourcing.org Twitter: @Crowdsourcing_ www.massolution.com www.crowdsourcing.org
M.2.2.013
© 2012 Crowdsourcing, LLC
|
research@crowdsourcing.org
PAGE 6
Description
This research report is a part of the CsFactor™ series of analyses of crowdsourcing opportunities in the enterprise market. It analyzes the crowdsourcing opportunities in the Check Processing (CP) operational segment of the retail banking industry.
The report features:
An overview of the check-processing market, delving into the history of check-processing, global volume trends, processing approaches, and regulatory differences.
The results of the application of Crowdsourcing.org's proprietary CsFactor methodology to evaluate CP from a crowdsourcing opportunity point of view.
A detailed process map, tasks analysis, and cost structure analysis of check-processing.
A conclusion about the potential crowdsourcing opportunity.
Table of Contents
About This Research
Key Messages
Key Check Processing
1. CsFactor Analysis
2. Process Map And Cost Structure Analysis
3. Crowdsourcing Opportunity Estimate
Implications For Market Stakeholders
Acknowledgements