WAUSAU Financial Systems is going to unveil a cost-effective paperless bank branch at the BAI Retail Delivery Conference & Expo in Boston. The paperless branch encompasses all areas of the banking office, including new account opening, teller line, back office, safe deposit box and ATM.
Electronic signatures, document capture and image verification work together in a formerly paper-intensive environment. In addition, WAUSAU Financial Systems and Aite Group will release at BAI a comprehensive final study that sizes up exactly how far banks have come on their journey toward becoming truly paperless, and how much work remains to be done.
Todd Juracek, president of enterprise payment solutions group at WAUSAU Financial Systems, said: “Check imaging and deposit capture are critically important, but they’re truly just the beginning of what we call Paperless Branch. There are endless opportunities for transformation within a branch environment, and the benefits include improving workflow, mitigating fraud, meeting compliance needs, reducing costs and eliminating lost data.
“Our collaboration with Aite Group is the first significant research of its kind, detailing the current priorities of retail and IT leaders. The study points to where organizations may be falling short in terms of missing opportunities to drive further efficiency as well as mitigating risk associated with compliance issues.”
