Abrigo, a leading technology provider offering compliance, credit risk, and lending solutions for financial institutions, has forged a strategic partnership with Prelim in a bid to streamline deposit account opening.
The move aims provide seamless digital account opening solutions for financial institutions. This software ensures easy application processes for one or multiple accounts, secure document uploads, and digital signatures, whether online or in-branch. Moreover, it automates manual tasks, enforces robust know-your-customer/business verifications, facilitates rapid customer fund allocation, and integrates smoothly with core banking systems.
The collaboration between Abrigo and Prelim is driven by the growing demand for efficient digital onboarding solutions in the financial industry. Small businesses, in particular, are increasingly prioritising digital online account opening, with more than 55% expressing its importance, as revealed by Datos Insights. This link-up will provide user-friendly digital applications and seamless workflows for financial institutions and their customers.
Abrigo’s decision to partner with Prelim was based on the latter’s proven track record of success, featuring out-of-the-box core integrations and quick implementation into Abrigo’s loan origination system.
Heang Chan, CEO and co-founder of Prelim, expressed his excitement about this strategic partnership, stating, “We are excited to collaborate with Abrigo to enhance the banking experience for financial institutions and their customers. This partnership represents a major step forward in our mission to transform digital onboarding and servicing. By combining our strengths, we will enable financial institutions to offer a unified and efficient experience for deposit and loan account applications. Together, we are empowering banks to excel in the digital age.”
Ravi Nemalikanti, CTO of Abrigo, said, “Digital onboarding will enhance the overall customer and end-user experience. Our partnership with Prelim highlights our unwavering dedication to leveraging cutting-edge technologies, whether developed in-house or in collaboration with our trusted partners. We’re thrilled about the seamless integration and the accelerated pace Prelim has brought to our platform ecosystem.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
