According to the solution provider, the platform facilitates applicants to use the built-in cameras on iPads, iPhones, or Android devices to copy and deliver all supporting documentation electronically.
Instead of using pens and paper, applicants can legally sign deposit and loan documents on their mobile and tablet screens, using fingers or a stylus, the firm said.
Andera founder and CEO Charles Kroll said, "But the oFlows Platform goes well beyond that. It brings consumer loans and deposits into a single, universal platform and breaks down the barriers between financial institutions’ delivery channels."
oFlows incorporates all leading systems deployed by credit unions and banks and brings unique benefits to each key delivery channel.
At branch, representatives can leave their desks and guide customers, using their iPads or other tablets to open accounts and originate loans.
The solution enables online applicants to open accounts and apply for loans by uploading supporting documents by using the built-in cameras on their mobile devices.
