Apiture's Digital Account Opening solution empowers community banks and credit unions to meet customers and businesses online by providing a comprehensive platform for establishing and funding new checking, savings, money market, or certificate of deposit (CD) accounts. The solution facilitates the entire account opening process, from identity verification and screening, to evaluating customers and businesses through KYC and KYB questions, and managing account funding and external account verification. It includes an administrative tool for reviewing and adjudicating applications, managing products, rates, and settings, and integrates directly with core banking systems for instant user and account creation. This technology allows financial institutions to drive organic growth by offering consumers and businesses a quick and seamless way to establish relationships and open accounts in minutes via laptop, tablet, or mobile phone. The platform supports configurable frameworks, choice of identity verification providers, external account verification and funding, and robust administrative tools for application review, fraud flagging, and applicant screening, including beneficial owners, device, IP, OFAC, and watchlist checks.

Features & Benefits

• End-to-End Account Opening: Facilitates identity verification, KYC/KYB evaluation, account funding, and core system integration.
• Consumer & Business Support: Drives deposits by offering a seamless online experience for both retail and business clients.
• Configurable Framework: Highly customizable to meet specific institutional needs, including choice of identity verification providers.
• Administrative Control: Provides an easy-to-use tool for reviewing applications, managing products, rates, and settings, and flagging potential fraud.
• Enhanced Security & Verification: Includes comprehensive identity screening, beneficial owner evaluation, device/IP checks, OFAC, and watchlist screening.