Business Account Opening
Keep them coming back for new accounts and more business
Empower users to grow on a single platform
With Alkami, onboarding is an opportunity, not a hurdle. Ultimately, engaged business owners will apply for more financial products – growing their relationship with your FI. Outclass the competition with a unified digital banking platform built to scale with businesses and support growing operations.
Help businesses find the right account
Meet businesses where they are – online – with a digital account opening solution designed to accelerate acquisition of new accounts and earn primary financial institution (PFI) status. Help businesses find the right account for their needs with a frictionless online shopping experience. Drive conversions and motivate business owners to apply for additional financial products with relevant cross-sell offers.
Seamlessly onboard users, digitally
Stop fintechs and megabanks from stealing the show. As retail banking trends bleed into commercial banking, FIs must adapt to stay relevant. Strengthen your FI with an intuitive online account opening experience tailored towards business needs.
To keep the application simple, introduce a Non-Documentary Customer Identification Program (CIP) and bank account authentication for instant funding. Have multiple business owners? No problem! Send them real-time messaging to capture their information.
Elevate security and compliance
Achieve compliance objectives without lifting a finger by leveraging a multi-layered approach to identity verification. Reduce commercial fraud through automation and data validation which quickly references application inputs against databases for enhanced due diligence – without increasing costs or user friction.
Introduce automated rules-based decisioning
Exceed user expectations for real-time decisions with automation. Manual risk assessments can be cumbersome, it’s time to streamline your back-office with powerful APIs for Know Your Business (KYB) and compliance objectives using business debit and credit profiles. Better understand the business’ current state by gaining a holistic view of the business owner(s) with a single inquiry request. Empower your team to do more, by doing less work.
Deliver modernized efficiency
Give business banking a new look. Future-proof your FI with integrations for identity verification, funding, credit bureaus, and core processors to better serve business banking users. Once the account is successfully opened, seamlessly onboard the new account holder into digital banking, where they can leverage a full suite of business banking products and services to elevate their operations.