Fiserv Debuts Originate Deposits

Sep 06, 2018

Fiserv Inc. has introduced Originate Deposits, which is to help banks and credit unions deliver enhanced digital account opening and loan origination.

According to the Brookfield, Wis.-based company, Originate Deposits operates with a simple user interface that includes optional ID scanning, autofill and facial recognition. Consumers are able to easily and securely open an account or initiate a loan application in person or from an off-site digital device. Originate Deposits is launching now with account opening functionality, including credit cards and personal loans, and will add mortgage and other loan origination capabilities by the end of this year.

“Financial institutions have one chance to make a good first impression, and opening an account or applying for a loan are central to that initial experience,” said Vincent Brennan, president of credit union solutions at Fiserv. “Originate creates an intelligent banking experience that makes the process simpler and puts the customer first, and that means more accounts can be successfully opened from any device or location. That’s a big win for any institution aiming to grow.”

About the author

Phil Hall

Link copied

Published

Sep 06, 2018

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...