SPONSORED CONTENT PRESENTED BY JACK HENRY
There’s no one-size-fits-all approach when it comes to new deposit account opening.
As you face deposit challenges, a volatile workforce, and time limitations, it’s impossible to meet every accountholder’s expectation. Instead, you can understand what matters most to your current and potential accountholders to better serve and attract deposit relationships across all digital channels.
Without the right technology, you won’t be able to serve your accountholders in their moments of need.
As you look to increase your deposits and reimagine your account opening process, use this checklist as a guide. Does your digital solution:
- Provide a list of the information needed at the beginning of the process
- Set expectations upfront so applicants understand how long the process will take
- Offer omnichannel integrations and allow applicants to save and resume their applications at any point in the account opening process
- Capture and auto-fill basic personal identity information
- Provide a method to compare different account types
- Empower easy direct deposit set-up
- Provide notifications regarding the progress of the application process
- Allow the simplicity of digital account funding in real-time
- Qualify applicants against risk and fraud threats
- Verify applicant identity (often with third-party data sources)
- Integrate with your core banking system
- Enable electronic signature capture
- Easily capture photo or file uploads of supporting documents (identification, agreements, etc.)
- Include specific functionality and form fields for business accountholders
- Deliver a seamless user experience from account opening to digital banking
Opening an account with a neobank takes less than five minutes. If your account opening platform isn’t providing every feature on this list, connect with a Jack Henry™ expert today and discover how you can effectively compete for new deposits.
