November 19, 2008

S1 Enterprise, (Norcross, Ga.), a division of S1 Corporation and a global provider of customer interaction software solutions for financial and payment services, has launched AccelAccount, a multi-channel account opening solution built on the S1 Enterprise Platform and designed to specifically address the unique requirements of large and mid-tier financial institutions.

AccelAccount supports the entire account opening process, including data collection, regulatory checks, approvals and funding, for retail and small business accounts ranging from deposit, lending and investment to life and P&C insurance.

"Growing deposits and increasing revenues are among the top priorities for financial institutions, now more than ever," says Edward Woods, Senior Analyst at Boston-based research and consultancy firm Celent. "Solutions that streamline the new account opening process and provide integrated cross-sell capabilities across multiple banking channels are critical to achieving these business goals."

AccelAccount uses patent-pending technology to streamline the account opening process by creating a single instance of the software to support multiple account opening workflows and unique user interfaces across the Internet, call center, and branch channels. This multi-channel approach is part of S1 Enterprise's strategy of providing a shared platform that serves all banking channels, lowering the total cost of ownership.

In addition, AccelAccount's business rules are created specifically for each bank, enabling the account opening workflow to match the bank's business procedures. New products can be introduced quickly, allowing the bank to capitalize on shifts in the market without being constrained by technology.