In this case study from Ombud Open Research, you will learn how US Bank is using electronic signature technology to streamline account openings and SMB loans. With e-signatures deployed across more than 3,000 branches, US Bank is leveraging both the Silanis on-premise e-signature solution and the Silanis cloud e-signature service for different processes. As a result, they have achieved operational efficiencies, improved customer experience and increased top-line revenue. The bank is currently e-signing 460,000 documents each week – a number that will continue to grow as US Bank’s initial implementation of electronic signatures is currently being re-purposed across the entire organization.
More account openings are taking place through digital devices and online, giving the access and anonymity fraudsters need to steal or fabricate identities. Since credit fraud often starts with a falsified application, it makes sense to have strong tools to monitor loans and credit lines from that point onward. This paper discusses analytics-driven methods for validating applications and spotting trouble at all three stages of bust-out fraud schemes.
Technology has drastically transformed the banking industry and the way in which consumers transact. Mobile banking is now the new normal. Many consumers, especially millennials prefer to do most if not all of their financial transactions via smartphone due to the convenience in which it offers. Even so, the popularity of mobile banking does not imply that the end of retail banking is near as research has shown that consumers still prefer retail banking for complex services such as loan applications, new account openings and advisory services.
Download the whitepaper to learn—
• How to build a bank of the future by leveraging the Internet of Things
• How to increase security, ease system management and reduce operational costs
• The benefits of migrating to a thin-client infrastructure and going paperless
Published By: Ephesoft
Published Date: Jan 18, 2018
Financial services companies can improve customer service and their bottom line by automating document intensive processes with banking, such as new account openings, mortgage, investing, credit cards, insurance, and personal, small business and commercial financial services. Learn how to make a substantial impact in terms of efficiency and cost savings for your organization with intelligent document capture technology.
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