(Length: 21 pages)

January 17, 2006

Canadian Bank Public Web Site Rankings

Forrester's Competitive Site Assessment Ranks Seven Canadian Banks

This is the first document in the "Evaluating Canadian Bank Web Sites" series.

by Brad Strothkamp

with Bruce D. Temkin, Adele Sage, Peter Hult


Executive Summary (This is a document excerpt)

Forrester evaluated the seven largest Canadian banks (Bank of Montreal, CIBC, Desjardins, National Bank of Canada, RBC Royal Bank, Scotiabank, and TD Canada Trust) using its Competitive Site Assessment (CSA) methodology. The analysis, which focused on the public section of the Web sites, covers 21 criteria across five categories: Web site navigation, Web site presentation, contact methods, research functionality and content, and application functionality and content. The highest ranking bank Site, TD Canada Trust, scored 74 out of a possible 100 on the assessment. While the analysis uncovered many best practices, the bank sites ran into the most problems meeting the requirements for good application functionality and content.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemForrester's Competitive Web Site Assessment Methodology

itemRanking The Sites: TD Canada Trust Leads The Pack

itemBest Practices Of Canadian Bank Sites

itemNavigation: Getting Prospects Where They Need To Go

itemPresentation: Highlighting Key Information

itemContact Methods: Making It Easy To Complete The Sale — Online Or Offline

itemResearch Functionality And Content: Effectively Selling The Product

itemApplication Functionality And Content: Completing The Sale

recommendations

itemFocus On The Needs Of Specific Customers

itemSupplemental Material

Forrester reviewed the credit card content and applications for seven of the largest Canadian banks: Bank of Montreal, CIBC, Desjardins, National Bank of Canada, RBC Royal Bank, Scotiabank, and TD Canada Trust.

Related Research Documents

itemWhat Makes A Credit Card Top Of Wallet?

March 28, 2005, Quick Take

itemWhat Do Canadians Think Of Their Bank's Web Site?

December 20, 2004, Trends

itemScenario Design: A Disciplined Approach To Customer Experience

July 19, 2004, Forrester Big Idea

itemThe Anatomy Of A Great Banking Web Site

January 14, 2004, Brief

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Analyst: Brad Strothkamp
Technology: Customer Experience, Design & Usability Processes, Web Site Design
Industry: Financial Services, Financial Services Customer Experience, Online Financial Products & Services, Retail Banking
Geography: North America