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.
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.
“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
Easily integrate with the core banking system for end-to-end support for consumer and business accounts
Omnichannel accessibility for applications with device-responsive interfaces
Accessibility of saving and resuming the application journey without losing data
Ability to prefill application for existing customers via online banking authentication
Quick support for online/complex accounts such as IRA, HSA, Trust Accounts, etc.
Seamless integrated end-to-end journey for ID verification, funding, signing, and account opening
Frictionless journey with minimized manual efforts and automated data extraction from IDs
Access to dynamic workflows, disclosures, data, and documents for different products