Agreement Express Inc: Streamlining Compliance and Onboarding for Financial Institutions
Agreement Express Inc is a financial technology company that provides a cloud-based platform for automating the account opening and client onboarding process for financial institutions. The platform enables financial institutions to quickly and securely onboard clients, comply with regulatory requirements, and enhance the client experience.
The company was founded in 2001 by Mike Gardner and Brian Deck, who saw a need for a more efficient and streamlined onboarding process for financial institutions. Today, Agreement Express serves a wide range of financial institutions, including banks, wealth management firms, insurance companies, and other financial service providers.
Agreement Express`s platform is designed to simplify the complex and time-consuming compliance processes associated with client onboarding and account opening. The platform streamlines the entire process, from the initial request for client information to the final approval and account activation. The platform also integrates with existing systems and workflows, allowing financial institutions to leverage their existing infrastructure and reduce implementation time.
One of the key features of Agreement Express`s platform is its configurable rules engine. This engine enables financial institutions to customize workflows to meet their specific compliance needs. For example, the engine can be configured to automatically check for compliance with Anti-Money Laundering (AML) regulations, Know Your Customer (KYC) requirements, and other regulatory requirements. The configurable rules engine enables financial institutions to automate manual processes and reduce the risk of errors, while also improving the quality and accuracy of client data.
Another key feature of Agreement Express`s platform is its digital signature capabilities. The platform allows clients to sign documents digitally, eliminating the need for physical paperwork. This feature not only simplifies the onboarding process, but also improves security by reducing the risk of lost or stolen documents.
Agreement Express`s platform also includes a dashboard that provides real-time visibility into the onboarding process. This dashboard allows financial institutions to track the status of accounts and identify any bottlenecks or delays in the process. The platform also includes reporting tools that enable financial institutions to generate customized reports on key performance indicators (KPIs), such as account activation rates and compliance metrics.
In conclusion, Agreement Express Inc has created a platform that enables financial institutions to streamline compliance and onboarding processes, reduce manual errors and delays, and improve the client experience. The platform`s configurable rules engine, digital signature capabilities, and real-time dashboard provide financial institutions with the tools they need to comply with regulatory requirements and onboard clients quickly and securely. As such, Agreement Express is a valuable partner for financial institutions seeking to enhance their onboarding capabilities in a rapidly evolving regulatory landscape.