OpenNow/FundNow Express
Online Account Opening & Funding for Small and Mid-Sized Institutions
OpenNow/FundNow Express is an online account and funding solution that was specifically designed to meet the needs of small and mid-sized institution and enables prospective customers to complete the application and funding initiation in a single session.
OpenNow/FundNow Express offers the appropriate combination of advanced features and functionalities with simple implementation and maintenance - all at a price point that enables an immediate and positive ROI for your institution.
With implementation time as short as two weeks, OpenNow/FundNow Express enables small and mid-sized institutions to be more competitive by providing their customers with the same online features and capabilities as the industry leaders.
Key Features:
- Increased Account Acquisition: Converts prospects into customers by providing an enhanced user interface, shorter application processing time and a choice of quick and easy funding methods.
- Simpler, Faster Implementation: Enables the launch of online account opening and funding in as little as two weeks with an easy-to-configure, hosted solution.
- Proven Technology: Provides institutions with the same proven technology and benefits as our industry-leading solution, OpenNow/FundNow, which gathered more than $4.5 Billion in new assets for financial institution clients in 2008.
- Instant Identity Verification and Decisioning: Leverages multiple industry data sources to offer robust ID verification that meets all regulatory requirements.
- Enhanced Account Verification: Facilitates verification of funding account ownership through real-time verification and trial deposits.
- Convenient Funding: Offers multiple funding options for added consumer convenience, including next-day funds availability.
- Standard Business Rules: Provides institutions with options for business rules sets for applicant decisioning that are based on industry best practices.
- Customizable Workflow: Enables banks to create workflows to manage pending application and conduct targeted follow-up.
- Comprehensive Risk Management: Leverages CashEdge's risk management and compliance services, which provide access to best-of-breed risk management tools and databases.
Learn More about CashEdge Risk Management Expertise »
Benefits to Financial Institutions
- Increased account close rate
- Quick capture of assets
- Lower cost of acquisition
- Consistent decisioning
- Reduced risk (account verification)
- Greater ROI from online channel
- Faster implementation
- Low upfront cost
Benefits to Consumers
- Instant decision
- Fast access to new account
- Superior user interface
Frequently Asked Questions
"There is no absolute correlation between the size of an institution and its ability to attract customers online. "
- Aite Group, 2006