Deposit Account Opening demo
Agents run identity, lists, screening, disclosures and funding once, while the applicant types; clean applicants open within the bank's limits and every other one reaches a person with one reason 1:29
What the demo shows
Retail banks open checking and savings accounts with CIP, screening and funding done once
The Application Reader follows the applicant through the form. The Lists agent checks OFAC and 314(a) at the name, the Identity agent verifies the ID, the selfie and the CIP data on two sources, the Screening agent reads the deposit account screening report against the bank's second-chance policy, the Disclosure agent delivers Reg DD, Reg E, privacy and E-SIGN and records the overdraft choice, and the Funding agent verifies and holds the opening deposit. The Decision agent opens clean applicants inside limits the bank sets, and writes every other one up as a referral packet with one reason and the action policy allows. The Notice agent drafts the FCRA notice. A specialist decides and a team lead checks.
Transcript
- Deposit Account Opening opens checking and savings accounts with every check done once.
- Up to sixty percent of online applicants quit, many at identity checks.
- Jordan Ellery applied at 7:02 PM and finished in seven minutes forty.
- While Jordan typed, agents checked identity, lists, screening, disclosures and funding.
- The screening report shows a $312 unpaid overdraft from 2021.
- The agent refers it with one reason and proposes a second-chance account.
- Next morning, specialist Kendra Ostrowski checks the record and approves.
- Team lead Luis Ferraro approves the drafted credit-report notice.
- Jordan accepts; the account is funded and open at 9:16.
- Every limit, notice and agent version takes two approvals, and examiners get one export.
- Clean applicants open in minutes; referrals are decided the same day.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.