Account Opening & Maintenance

Scivantage Account Opening & Maintenance is a real-time, automated and configurable account opening and administration solution for financial advisor desktops and retail investor web sites. Designed to support and streamline the account opening process across multiple channels-online, call center, branch and advisor network, Account Opening & Maintenance drives profitability by reducing processing time, increasing application conversion rates and eliminating errors at the point of application. This innovative, back-office independent solution seamlessly integrates with all major and proprietary back offices and select third-party software providers.

Key Advantages:

• Increase client acquisition rates by allowing advisors and customers to apply for, be approved and fund a new account in a single session
• Lower the rate of abandoned applications and increase the rate of funded accounts by making immediate funding a part of the process
• Reduce operational costs through a streamlined, automated application process
• Extend customer reach beyond traditional brick-and-mortar and geographic footprint — making it easier for all types of customers to open and fund a new account
• Open new accounts in real-time through immediate validation and approval
• Maintain regulatory compliance throughout every phase of the account opening process

An automated decision engine processes the applications based on the financial institution's unique business rules for managing risk, while flagging any exceptions for manual review. Together with Scivantage Electronic Money Movement, this powerful application helps financial institutions capture prospects in real-time by supporting instant account opening and funding across multiple channels.

Scivantage Account Opening & Maintenance is available as a component of Scivantage Professional, Scivantage Investor or it can be deployed as a stand-alone application to support a firm’s client acquisition and retention efforts.