An updated analysis of the remote deposit capture market by Celent concludes there’s “no indication” that the client-based truncation service won’t continue to scale up beyond five million distributed-capture points—but it’s going to take a little longer to get there.
According to Celent, it expects that milestone to be reached in 2014. Celent’s overview of the RDC market last year originally forecast that mark for 2012.
In a new report (tellingly titled “Sprint Becomes a Marathon”), Celent still believes two-thirds of all U.S. banks and 40 percent of all U.S. institutions – or about 7,200 – will have adopted remote capture by the end of the year. And seat licenses have still increased “unabated” over 2007, with an estimated 351,000 capture devices now in use for specific RDC initiatives – a 72 percent year-over-year growth. RDC has also spread downstream to smaller institutions, to the point where Celent has tracked RDC in place at virtually all top 100 U.S.banks. A year ago, Celent found that outside of the top 10 banks (at that date), banks averaged only 19 seat licenses per institution.
But at top-20 banks that have major cash management/treasury operations, the average reach of 3,432 clients midway through 2007 has only climbed to 5,400 this year – less than expected. Banks in the $5-$10 billion asset tier of institutions continue to lag in adoption, just as they are in image-based item processing and check clearing, according to Celent.

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