Streamlined commercial account opening to empower FIs to capture an untapped market
150,000 small businesses open in Canada every year and each of them needs a financial partner. That partnership begins with at account opening, but this often requires hours—if not days—of a customer’s time. Not the best start to a business relationship.
Our Commercial Deposits onboarding module changes everything. Integration with national corporate registries and one-time data entry capabilities reduces account opening to a matter of minutes. It offers a simple, seamless process that:
- is consistent across multiple channels and devices
- accommodates single and joint accounts
- requires very little staff training
- is integrated with key analytics that can help build engagement and wallet share
- optimizes cross-sell
Small business customers are an untapped target. Our Commercial Deposits module helps FIs fully leverage the first meaningful intersecting point – account opening.
Driven by our API strategy, this module is continually innovating, with compliance, security and UX features delivered on a quarterly release schedule.
Commercial account opening can be completed in-branch or online from any device in just 10 minutes.
Integration with national registries returns the most relevant information required to open a commercial account.
Everything is validated against regulatory requirements to ensure accurate data and completion of required forms.
API integrations with eSignLive™, Envestra | Yodlee and Finastra make the onboarding process paperless, allow for immediate account funding and make it easy to switch pre-authorized payments from other FIs.
Work flow automation digitizes a paper-based process, removes cumbersome data-entry and eliminates errors to ensure that follow-up calls with customers are for the revenue-boosting purposes of engagement.
thirdstream is building industry leading solutions to break down barriers and transform the experience for individuals and enterprises looking to open, switch or change their accounts.