Why Newgen’s Online Account Opening Solution?

40% Faster Onboarding

Speed up application approvals by automating the account opening process.

Data Accuracy

Ensure near-perfect accuracy in document verification and information processing.

60% Reduction in Abandonment Rates

Witness a significant reduction in abandonment rates, leading to maximized deposit growth.

Lower Operational Costs

Reduce manual intervention and administrative overhead with automated workflows.

Compliance & Risk Management

Comply with global regulations, including KYC and AML, to ensure secure and risk-free onboarding.

Agility and Scalability

Roll out new products in 15 minutes with self-service tools that allow users to create and change products instantly.

40% Faster Onboarding

Speed up application approvals by automating the account opening process.

Data Accuracy

Ensure near-perfect accuracy in document verification and information processing.

60% Reduction in Abandonment Rates

Witness a significant reduction in abandonment rates, leading to maximized deposit growth.

Lower Operational Costs

Reduce manual intervention and administrative overhead with automated workflows.

Compliance & Risk Management

Comply with global regulations, including KYC and AML, to ensure secure and risk-free onboarding.

Agility and Scalability

Roll out new products in 15 minutes with self-service tools that allow users to create and change products instantly.

Witness the Future of Online Banking

Built on a low-code digital transformation platform, Newgen’s solution redefines the entire customer onboarding journey by offering seamless experiences across channels.

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“Newgen’s account opening solution has boosted our conversion rates by 30%. The intuitive solution has made our workflows smoother.”

VP of New Business, Leading U.S. Bank

Unique Features of Newgen’s Online Account Opening Solution
Trusted Globally for Over 30 Years Customer
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Prebuilt Connectors & API
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All you need to know about Online Account Opening Software

Yes, the Newgen’s digital account opening solution provides a customer portal for the online initiation/application of a new deposit account. The online initiation is an extension of the financial institution’s website and is tightly integrated with the underlying account opening platform. The online initiation is configured as per the branding guidelines of the financial institution.

Newgen online account opening software integrates with the following systems:

Clickswitch, Deluxe, IDScan.net, Plaid, United Postal Service, Glia, Topaz Systems, Magic Wrighter, IMMeSign, Experian, Finastra, Basys, and many more.

Typically, Newgen has seen that once a consumer account is opened, the new customer is onboarded into the core. If the bank views onboarding activities as a separate process/requirement different from this, Newgen would need a more detailed understanding of the bank’s consumer onboarding process. Newgen will work with the bank during the implementation process to align the solution to the bank’s specific requirements regarding consumer onboarding.

Newgen’s online digital account opening and loan origination solutions are available on the cloud and on-premise.