Compliance Systems has introduced a mobile-enabled online account opening solution to streamline onboarding experience.

According to the company, the solution will help the financial institution customers to open accounts up to ten times faster.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The online account opening solution is specially designed to streamline documentation process. It also features videos and tutorials to increase engagement and improve customer experience.

Arkansas-based Encore Bank has already adopted the solution.

Encore Bank executive vice-president and chief risk officer Erin Simpson said: “We wanted to offer the fastest, most consumer native service with the least friction for our customers and staff, which is why we chose to add Compliance Systems’ mobile-enabled documentation to our account opening process. Our customers can open accounts in as little as 2.5 minutes versus what once took 30 minutes in branch.”

Compliance Systems president Chris Appie said: “Streamlining documentation and enabling transparent, consumer-centric content helps financial institutions begin meaningful relationships with customers and members – one built with a sense of ease and understanding.

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.

“Banks and credit unions can now improve the new account opening process using this mobility-first solution as we have been able to combine speed with data and compliance to ensure a safe and seamless account opening experience that rivals some of the online retail interactions consumers enjoy.”

Based in Michigan, Compliance Systems delivers financial transaction technology and services. The company counts more than 1,500 banks and credit unions as clients.