NEW YORK, Aug. 25, 2020 /PRNewswire/ -- ODX®, a leading
business banking originations platform, announced the launch of a
Digital Account Opening (DAO) experience, adding to the industry
leading suite of services offered by the company. The
addition of DAO allows ODX to further assist financial institutions
looking for digital onboarding and lending capabilities.
ODX's omnichannel DAO platform allows for product-agnostic
merchant onboarding, while also enabling bank clients to more
efficiently satisfy Know Your Customer (KYC) and Anti-Money
Laundering (AML) requirements for both digital and in-person
account opening.
"The financial industry has seen a meaningful shift in customer
preference to digital channels over the last few years, a trend
which has accelerated during the COVID pandemic," said Brian Geary, President of ODX. "Our clients are
looking for a platform to support both their existing and potential
new customers through digital means. ODX's DAO solution capitalizes
on nearly 15 years of digital onboarding and origination experience
to help mitigate KYC and fraud concerns during the digital
onboarding process."
"We are leveraging the existing ODX platform to offer this new
solution and have multiple clients committed to launching DAO,"
continued Geary. "Offering DAO for deposit products compliments our
core loan origination capabilities. ODX's ability to solve customer
acquisition on both sides of the balance sheet is a differentiator.
Clients using ODX across their product suite will benefit from a
seamless customer experience regardless of the product or
acquisition channel."
To learn more about ODX's platform and product offering visit
www.ODXsolutions.com or reach out to our sales team directly at
BD@odxsolutions.com.
About ODX
ODX helps financial institutions deliver superior online
products for customers by digitizing and simplifying the
origination process. As a subsidiary of OnDeck® (NYSE: ONDK),
ODX draws on the pioneering fintech heritage of its parent to
simplify the borrowing and account opening experience for customers
and streamline the origination process for clients. Providing a
proven combination of leading software, analytic insights, and
professional services, ODX helps clients efficiently and securely
onboard new business customers.
ODX® is a Registered Trademark of ODX, LLC.
OnDeck and the OnDeck logo are trademarks of On Deck Capital,
Inc.
Media Contact:
Patrick Cuff
pcuff@ondeck.com
(708) 846-7827
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SOURCE On Deck Capital, Inc.