Account Opening

Simple, smart, scalable, digital-first account opening.

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Overview

Simple, smart, scalable digital-first account opening — a necessity (not a nicety)

Today’s digitally savvy customers demand safety, convenience, and personalization in their preferred channel when opening accounts. That means lenders must accelerate their digital transformation to build simple, smart, engaging, digital account opening experiences. FICO delivers the only turnkey digital-first account opening solution that fits wherever you are today and efficiently scales for where you’ll go tomorrow:

  • Future-proof your investment with an agile, extensible, cloud-based solution for business users.
  • Intelligent and interactive omnichannel communication services
  • Seamless authentication and unobtrusive fraud detection
  • Sophisticated workflow orchestration
  • 130+ pre-integrated global data and service providers

FICO Investigates: Digital Account Opening

In this in-depth interview, Darryl Knopp (Senior Director at FICO), Tiffani Montez (Senior Analyst at Aite-Novarica), and Jack Alton (CEO of Neuro-ID) discuss the dramatic digital transformation in account opening.

Solutions

Learn how FICO solutions can empower you to make smarter, personalized decisions, streamline operations, and improve the customer experience.

Originations

Simple, smart, scalable originations—for today and tomorrow.
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Onboarding Optimization

Prescriptive analytics for optimized customer onboarding to maximize profitability, balance risk, and navigate constraints.
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Interactive Application Communication

Digital communication begins with intelligent omnichannel interactions.
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FICO Advisory Services

Partner with us for deep decision making insights, increased business analytic knowledge and a vision for your longer term strategic direction.
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Enabling Technologies

With 60+ years of pioneering work in predictive analytics and artificial intelligence, FICO powers our solutions with the most advanced science available.

Platform

Effortless, engaging digital account opening powered by the industry-leading FICO® Platform. Start simple with configurable templates for fast time-to-value, and then easily add digital sophistication.

Cloud

Provide digital account opening that is safe, scalable, and cloud-powered to improve solution flexibility, ROI, and extensibility.

AI, Machine Learning and Advanced Analytics

Drive portfolio profitability for digital account opening (without adding risk) through FICO’s pioneering AI and advanced analytic offerings.

Optimization

Simulate, analyze, learn, continually improve digital account opening. Use prescriptive analytics to optimize strategies on a customer-by-customer basis to increase profitability, balance constraints, and deepen customer relationships.

Statistics

Our clients have improved their operational efficiency, reduced delinquencies and losses, cut costs, and maintained security and compliance.
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300%
Increase in revenue in the last 12 months
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100%
Increase in application volume capacity
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50%
Increase in new account bookings
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50%
Reduction in manual reviews with improved analyst productivity
Case Study

Vanquis Bank gains agility, opening new credit possibilities with FICO® Origination Manager

Vanquis Bank believes that customers with limited or no credit history still deserve access to financial products. See how this UK-based bank delivered on this promise with a modern origination process.
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Case Study

TBC Bank Streamlines Processes and Increases Profits

Learn how TBC Bank streamlines processes, boosts sales, and increases profits with FICO.
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Customer Development
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Customer Development

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FICO® Customer Communication Services

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Related resources

Gain fresh ideas and new strategies for making better business decisions with in-depth thought leadership, solution insights, and customer success stories.

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From the Blog

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Measuring and Eliminating Customer Friction

A digital transformation resolution for 2020.

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Beyond Generation Z: Digital Account Opening for Everyone

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Reinventing Origination: Fixing the Decisions that Matter

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Looking Ahead and Preparing for a Post-Coronavirus World

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Digital-First Originations: Why Friction Counts in Small Amounts

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FICO is a Top 10 RiskTech Company in the 2022 Chartis RiskTech100® Report

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Safe, flexible, digital-first account opening — a necessity (not a nicety)

More than ever, customers demand safety, convenience, and personalization in their preferred channel. That means lenders must build safe, frictionless, engaging, digital account opening experiences. To accelerate your digital transformation, get in touch with one of our experts or request a demo.

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