Today we announced that Salin Bank & Trust in Indianapolis became the 500th bank to select Andera for online account opening (
press release here). This is a huge milestone for our team, as it's great validation for the hard work they put in every day, and for our clients, whose customer acquisition platform grows stronger with every financial institution that implements it.
It was only this past June when
we passed 400, and once again it's humbling to see the pace of adoption continue to accelerate. Here's an updated summary of how we've grown:
| Date | Customer Count | Elapsed Time |
| Feb '11 | 500 | 8 months |
| June '10 | 400 | 10 months |
| Aug '09 | 300 | 15 months |
| May '08 | 200 | 17 months |
| Dec '06 | 100 | 45 months |
Why are so many financial institutions making the decision to acquire customers online? As
this recent WSJ article (featuring a number of Andera customers) points out, the banking landscape is changing rapidly and institutions are looking harder than ever for low cost ways of establishing profitable customer relationships. That happens to be the mission our team is working incredibly hard to deliver on every day, and on their behalf and I want to thank Salin Bank and all of our 500 clients for their trust, support, advocacy, ideas, and occasional patience. We are still just scratching the surface and I'm incredibly excited about what's ahead.