REDWOOD CITY, Calif. - (04/13/06) -- Yodlee, known for its customerrelationship management systems, said this week it has introduced anew solution designed to help financial institutions streamline andexpedite the process of opening new bank and brokerage accountsonline. Yodlee's AccountOpening allows credit unions and banks touse their website, self-service branch kiosk and other channels toopen new accounts and fund them immediately through an automatedprocess that links credit databases, normalizes data and creates adashboard in real-time so institutions can immediately assess riskfor any consumer opening an account. AccountOpening enablesfinancial institutions to seamlessly gather all required data fromnew customers and complete their initial deposit or productpurchase transaction all in the same session, decreasingabandonment and increasing transactional revenues
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3