Avoka, the acknowledged leader in digital customer acquisition for financial services companies, today announced the creation of Avoka Exchange.
Avoka Exchange is a catalog of pre-integrated fintech applications to extend the power of Avoka’s core product, Avoka Transact. Avoka Transact is a digital business platform for organizations building competitive advantage around mobile and digital customer acquisition. Several key partners in Avoka Exchange include: Mitek Systems, Envestnet/Yodlee, LexisNexis Risk Solutions, eSignLive by Vasco, and FIS ChexSystems QualiFile, whose services have been integrated into customer transactions delivered by Avoka.
“We’re accelerating digital transformation for financial institutions” said Derek Corcoran, Chief Experience Officer at Avoka. “Using Avoka Transact and the pre-integrated Exchange partners, a bank can deliver an account opening or loan origination experience with mobile imaging, identity verification and eSignatures in weeks, not months or years” said Corcoran.
“Mitek (MITK) is proud to continue working with Avoka to create outstanding user experience by integrating our Mobile Fill™ and Mobile Verify™ solutions into customer transaction,” said Sarah Clark, general manager, Identity Solutions, Mitek. “We’re honored to join Avoka Exchange and continue delivering customer acquisition tools that reduce application abandonment and mitigate the risk of fraud.”
With over 30 applications focused on the account opening experience, Avoka Exchange makes it faster and simpler for banks to acquire customers over digital channels, without having to initiate complex technical integrations with services like identity validation and electronic signature. Exchange instead maintains continuity with existing processes, reducing disruption in digital transformation.
“Avoka Exchange brings together best-in-class services for digital account openings, empowering our customers with the technologies they want, tied together seamlessly,” said Corcoran.
Avoka will reveal its first public demo of the Avoka Exchange at Finovate Fall 2016 in New York City on Friday, September 9, led by Chief Experience Officer Derek Corcoran. Previously, Avoka won Best in Show at Finovate Spring in 2015.