Texas First Bank Selects Finzly's Digital Account Opening Solution

  • Banking
  • 15.12.2020 04:40 pm

Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital account opening, announces today that Texas First Bank has selected Finzly’s contactless digital account opening (DAO) solution. The fully 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, modern experience to customers.

Through this partnership, 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 DAO solution integrates with existing solutions quickly, providing the bank with greater levels of customer-facing flexibility to help reduce application abandonment rates. Not only will Texas First have continuous access to the best, most up-to-date offerings available on the market, but Finzly also supports the bank in combatting the latest fraud threats using AI-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.”

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