US bank account auction marketplace MoneyAisle is to offer instant online account opening technology to deposit and savings schemes competing for customer business over the site.
The start-up marketplace - operated by online auction development shop neoSaej - is partnering with Andera, a provider of account opening technology, to deliver the service.
The MoneyAisle marketplace enable surfers to shop for certificates of deposit and high-yield savings account in a competitive auction environment, where banks actively compete to offer the best rates.
With the addition of Andera's technology, MoneyAisle users will now be able to seamlessly open and fund their new account with the winning financial institution, online and in real-time.
Mukesh Chatter, president and CEO of MoneyAisle, comments: "With a growing community of people around the country using MoneyAisle to find great rates on their investments, allowing those users to seamlessly open and fund their winning accounts provides enormous value to both our users and the banks in our network."