Bank Suite
OpenNow/FundNow
Real-Time Account Opening
and Funding… Across All Channels
To help financial institutions increase new account acquisition and benefit from synergies across its acquisition channels, CashEdge offers the OpenNow/FundNow Online solution and the newly introduced, OpenNow/FundNow Channel Optimizer.
OpenNow/FundNow Online
OpenNow/FundNow, the industry’s leading online acquisition
solution, helps financial institutions leverage their online channel to
capture prospects in real time by facilitating instant account opening
and funding through an institution’s branded website.
OpenNow/FundNow Express
Specifically designed to meet the needs of small and mid-sized
institutions, OpenNow/FundNow Express provides the appropriate
combination of advanced features and functionalities and simple
implementation and maintenance – all at a price point that enables an
immediate and positive ROI for your institution.
OpenNow/FundNow Channel Optimizer
The ON/FN Channel Optimizer includes three independent service
offerings for identity verification, account verification and funding,
that facilitate greater flexibility and enhanced automation in the call
center and branch channel account opening processes.
The Benefits of Single-Session Account Opening and Funding:
For Financial Institutions
- Increased account close rate
- More quickly grow FI assets
- Lower cost of acquisition
- Simplified back office processing
- Ability to obtain greater share of consumer’s wallet
- Consistent decisioning
- Pleasant user experience
- Greater return on investment from online channel
- Increased capacity and productivity of call center and branch staff
For Consumers
- Instant decision
- Real-time access to new account
- Superior user interface and experience
- Opportunity to apply for additional products during the same session
- Choice of funding methods
- Ability to complete an application via the call center that was started online (when ON/FN solutions are used together)
Unmatched Technology
CashEdge’s OpenNow/FundNow solutions leverage the Company’s successful track record in delivering trusted technology solutions to financial institutions.
- Seamless integration with your online banking environment
- Simple, rapid and cost-effective deployment
- Highly scalable ASP infrastructure
Comprehensive Risk Management
The OpenNow/FundNow solutions are supported by CashEdge’s risk management and compliance services, which provide access to the best-of-breed risk management tools and databases delivering the most powerful, real-time transaction monitoring capabilities in the market. These services:
- Leverage CashEdge’s team of highly experienced in-house risk professionals and robust infrastructure
- Provide centralized system for managing risk parameters including the flexibility to set risk parameters by product, allowing officers to better understand the impact of each parameter on acquisition rates
- Enhance audit trail and compliance reporting
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