June 24, 2013

Andera’s cloud-based platform, oFlows has been chosen to be the new account opening technology for Intuit Financial Services’ institutional clients. The platform offers customers the ability to send in identity verifying signatures and documents to open accounts in digital and mobile channels.

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Verifying identity consists of sending in a high-resolution electronic signature, signed via touch screen, while oFlows also prompts the customer to take a picture through a mobile device instead of faxing a copy of a driver’s license to a branch.

“Third party data providers, that have identity verification services, who have access to credit bureau reports, government watch list, and the Office of Foreign Assets Control list, run applications through to verify customers are who they say they are,” said Partner Relationships Manager, Brian McGuirk, in a statement.

oFlows also supports the option of starting the process digitally or on a mobile channel and finishing at a branch, or vice-versa, said Andera. oFlows also supports deposits and loans.

[Related Content: Online Account Opening: Switching to a Smooth Road]

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Zarna Patel is a staff writer for InformationWeek's Financial Services brands, which include Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. She received ...