Fintech company Fiserv has introduced a new family of solutions, dubbed Originate, to help banks and credit unions address online account opening and loan application challenges.

The suite features Originate Deposits solution that is designed to allow users to open an account or initiate a consumer loan process from any electronic device.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The platform also includes optional ID scanning, autofill and facial recognition features.

Fiserv president of credit union solutions Vincent Brennan said: “Financial institutions have one chance to make a good first impression, and opening an account or applying for a loan are central to that initial experience.

“Originate creates an intelligent banking experience that makes the process simpler and puts the customer first – and that means more accounts can be successfully opened from any device or location. That’s a big win for any institution aiming to grow.”

Before introducing the online account opening solution, Fiserv carried out a consumer research to identify the challenges of present digital account opening systems.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The new Originate Deposits solution aims to reduce the present complications and offer a step-by-step system to increase user satisfaction and reduce abandonment.

Additionally, the platform is said to support multichannel strategies for the banks and credit unions maintaining same interface in all channels.

Originate Deposits is also integrated with other Fiserv digital solutions including the Mobiliti mobile banking and payments platform.

Besides Originate Deposits, Fiserv is scheduled to add more solutions in its Originate suite by the end of this year.