2.5 Minute Account Opening Experience
Completely responsive design that emphasizes high conversion rates and low abandonment rates
Full support for checking, savings, money market and certificate of deposit (CD) accounts, among others
Granular control over text displayed to user
Robust flexibility for disclosures ensures compliance department sign-off
Funnel analytics and detailed application tracking
Non-fraudulent applicants that do not get auto-approved are 5x less valuable to your financial institution. Narmi gives you the confidence to auto-approve applicants, increasing conversion rates and growing your deposit base organically.
Manually reviewing applications is a time-sensitive process that’s demanding on internal resources and easily circumvented via social engineering. Narmi ensures only the most complex applicants require manual intervention.
See a full audit record of any manual review process, all data sources used for vetting and verifying an applicant, and a central source of record for all decisioning-related documents. Compliance, BSA and AML departments will appreciate the transparency and granularity available for every decision-making process.
Narmi brings 50+ data sources to every financial institution. Moreover, the maintenance of most data source relationships is handled by us, leaving you to focus on your core business. Financial institutions initially launch with our best practices data sources and can customize decisioning workflows by adding additional data sources as needed.
Leverage Narmi’s account opening platform in branches to deliver a digital-first experience in a retail-driven world.
Financial institutions can configure the in-branch account-opening process differently from digital account opening to include items like whitelisted IP addresses, minimum balances, URLs, or other unique variables
"Narmi has been paramount to helping Berkshire re-imagine what we can accomplish. Narmi's digital-first and innovative account opening experience has positioned us well for organic growth, while delivering a best-in-class customer and staff experience."
Fund accounts through debit cards, credit cards, or financial institutions transfers (ACH)
Control funding limits for card and ACH transactions independently
Instantly authenticate external accounts for ACH payments
Automatically place holds on newly opened accounts
Add additional warning codes and institution-specific codes as needed
Financial institutions can drive deposits through product-specific campaigns for any single product, or product packages. Examples include promotional CDs, specific product packages to encourage engagement, or specialty products like youth accounts.
Identity verification is fundamental to the digital account opening process. Know Your Customer (KYC) laws require that financial institutions verify that customers are who they say they are. There are two ways financial institutions can meet KYC/BML compliance.
Read MoreOne beautiful aspect of a strong digital account opening strategy is that, if done correctly, the return on investment can be both obvious and large. Critical to this strategy is a granular and holistic understanding of customer acquisition cost (CAC).
Read More