Document Imaging Group Launches New Framework for That Digitizes and Automates Account Opening

Document Imaging Group (DIG), a division of Infoaxis, has launched a new IPA solution to assist financial institutions with online account opening process

Online PR News – 20-August-2020 – Mahwah, New Jersey – Document Imaging Group (DIG), the intelligent process automation (IPA) division of Infoaxis, has launched a new IPA solution designed to assist financial institutions with overcoming shortfalls typically associated with the online account opening process.

Available today on the Kofax Smart Hub is a new framework for opening new accounts, from end to end, that makes the process efficient and enhances the customer experience. Follow this link to the Accelerate Account Opening Framework powered by DIG.

"I am pleased to announce the launch of the Accelerate Account Opening Framework," said Jon Roth, President for DIG, a division of Infoaxis. "Our framework automates the account opening process allowing for financial institutions to offer an enhanced user experience while integrating directly to the appropriate systems on the back end.”

Some of the key features include mobile capture for enhanced customer experience, bi-directional communication allowing real-time interaction, Optical Character Recognition (OCR) for advanced data extraction and electronic signature for a fully automated process. The framework also includes Robotic Process Automation (RPA) for automating the Know Your Customer (KYC) process.

Improving the online account opening process has never been more important for financial institutions. Nearly 31 percent of new account openings happen online or through mobile apps, up from 22 percent in 2019, according to the J.D. Power 2020 U.S. Retail Banking Advice Satisfaction Study. With plenty of financial institutions and products available to them, customers today are more inclined to open online accounts with banks delivering best-in-class customer service. For online banking, that begins and ends with the user's digital experience.