Cloud banking business nCino has partnered with VASCO, a provider of digital solutions including identity, security and business productivity.
The business said it will integrate the eSignLive electronic signature solution into its Bank Operating System.
Along with streamlining and digitising the entire lending and account opening process, together eSignLive and nCino will support the creation of an e-signature transaction seamlessly within the Bank Operating System.
The partnership will also increase organisational efficiency and customer satisfaction by speeding up transaction processing and completion time; and will enable compliance with the most stringent global security standards.
“After implementing nCino, we saw an immediate, positive impact on our business,” said Benjamin Miller, commercial portfolio analyst at Wright-Patt Credit Union, a $4-billion institution based in Ohio. “The new efficiency gains allowed our commercial lending team to take on additional volume and larger loans. The eSignLive integration further improved our processes because we were able to leverage what was already populated in nCino, but also send documents electronically. Our members are really excited to have this functionality, and anything that improves their experience helps us build stronger relationships.”
VASCO develops next generation technologies that enable more than 10,000 customers in 100 countries in financial, enterprise, government, health care and other segments to achieve their digital agenda, deliver an enhanced customer experience and meet regulatory requirements.
More than half of the top 100 global banks rely on VASCO solutions to protect their online, mobile and ATM channels. Its solutions incorporate identity, fraud prevention, electronic signatures, mobile application protection and risk analysis
The company’s Online Fraud Detection (OFD) solution, IDENTIKEY Risk Manager, as well as its patented CRONTO Visual Transaction technology, address both fraud security and user convenience. The security framework provides organisations with a single-platform that proactively detects and mitigates the most sophisticated cyber fraud techniques while maintaining a frictionless, user-friendly experience.
In addition, VASCO also addresses strict compliance requirements through a flexible security framework that provides organisations a single platform utilising proven technology, including our its CRONTO and IDENTIKEY Risk Manager solutions, to satisfy regional regulations tied to secure user authentication and fraud mitigation.
The company’s solutions meet or exceed European Regulatory Initiatives for Securing Internet Payments in addition to The European Forum on the Security of Retail Payments (SecuRe Pay), Guidelines on the Security of Internet Payments, European Banking Authority (EBA), Payment Services Directive (PSD2), U.S. Federal Financial Institutions Examination Council, and The National Institute of Standards and Technology.
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