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Texas First Bank picks Finzly’s digital account opening solution

By Robin Amlot

December 18, 2020

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Texas First Bank has selected Finzly’s contactless digital account opening (DAO) solution. The automated solution will equip Texas First with greater flexibility and faster integration to enhance back-office account opening processes, positioning the bank to offer a more seamless  and modern experience to customers.

Finzly will enable Texas First to fully automate the account opening process, while eliminating manual processing and driving operational savings. Because it uses core-agnostic open APIs, Finzly’s digital account opening solution integrates with existing solutions quickly, providing the bank with greater levels of customer-facing flexibility to help reduce application abandonment rates. Finzly uses enabled customer ID verification and “selfie” validation, paired with out-of-wallet questions when warranted.

“Finzly’s DAO solution will help us stay true to our mission of ‘Helping Texans Build Texas’ by providing individuals and businesses with a fully online process to open their accounts,” said Chris Doyle, President, Texas First Bank. “By meeting customers where they are, with a solution that’s quick, secure, and seamless, we look forward to making banking with us even easier so our customers can focus on the things they do every day that help our local communities flourish.”

“Texas First has built its reputation on dedication to providing the best solutions and quality of service to its customers,” said Booshan Rengachari, founder and CEO, Finzly. “With the DAO solution in place, Texas First will be able to leverage Finzly’s open APIs, pre-integrated partners, and natively-developed apps to simplify the account opening process, drawing on more flexibility, easy implementation and full automation capabilities, without compromising security or compliance.”

Finzly’s open, cloud-based bank operating system, BankOS, enables transformation and innovation at speed. Banks can implement apps in three simple steps – subscribe, try and launch. The company has been serving customers across North America since 2012.

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