Under this partnership, BancVue and WKFS will be offering compliance warranty for online account opening solution to mitigate risk for community banks and credit unions who desire to do business online.
WKFS has said that it has reviewed BancVue’s regulatory compliant solution INMO workflow and has established guidelines with BancVue so that it can offer the solution on the electronic delivery of WKFS’ compliance content through INMO.
BancVue plans to commence adopting the WKFS’ Bankers Systems compliance content into its INMO online deposit account opening solution starting February 2011.
BancVue’s INMO solution allows customers to apply for deposit accounts online 24 hours a day, seven days a week. The solution helps financial institutions to securely receive applications online.
Identification verification, applicant screening, account funding, and funding account verification are expedited within minutes from multiple enrollment channels, including the web, branches, call centers, and kiosks.
BancVue CEO Gabriel Krajicek said that community banks and credit unions need to be able to quickly and compliantly open deposit accounts online if they are to succeed in today’s competitive financial services marketplace.
