We selected Andera because it was clear that their solution offered
us the features and functionality we needed to provide new and
existing customers a user-friendly platform to open accounts when
and where it was most convenient for them. We were also gearing up to launch a significant marketing campaign around our addition of person to person payments via our mobile channel (powered by
PayPal) and an easy to use personal finance tool, FinanceWorks a
Quicken product, so we had to meet an aggressive launch date. After talking with references and considering their reputation in the industry, we were confident that Andera could deliver - and they did.
Kyle Kunnen, VP-Operations Manager, Mercantile Bank of Michigan
As a community bank, it is imperative to provide the personal
service our customers prefer, and it is increasingly important to
be able to offer the innovative products and technological
conveniences of the big banks. The addition of online account
opening and funding allows us to provide our customers with the
best of both. Implementing Digital Insight's new online account
opening and funding solution with Andera was one of the easiest
projects that we've worked on. Our bank's IT expert, Wayne Garrett,
attests that the process was smooth and efficient, and the working
documents were wonderful and very easy to use.
Kevin Beckemeyer, President and CEO, Legence Bank
In this strained economy, many consumers and businesses are looking
to mid-market financial institutions as an alternative to the
large, money center banks. Working with Andera helps us arm our
clients with yet another important capability to establish and grow
a primary financial relationship with new and existing customers.
Glenn Tom, Senior Vice President, DI Senior Vice President-Consumer Segment, Intuit
As more and more credit unions, banks, and financial institutions
recognize the opportunities to better serve member lending needs
during the all important account opening process, we are responding
with solutions that help to help make this process even easier.
With Andera's help we're making it possible for organizations to
form longer-lasting relationships with their members and customers.
Tim Kelly, CEO, Teres Solutions
Javelin has researched the market for online account opening, and
considers Andera to be a market leader in this rapidly growing
space. With its next-generation packaged Editions, Andera is
streamlining the potentially complex set of choices involved in an
implementation, while at the same time further reducing barriers to
entry related to cost and effort.
Mark Schwanhausser, Analyst, Javelin Research
We are very excited to integrate online account opening into
MoneyAisle's services. With a growing community of people around
the country using MoneyAisle to find great rates on their
investments, allowing those users to seamlessly open and fund their
winning accounts provides enormous value to both our users and the
banks in our network. Our integration with Andera makes the whole
process simple.
Mukesh Chatter, President & CEO of NeoSaej, parent company of MoneyAisle
Online account opening is of great interest to many of our clients.
And, as is customary for our company, we want to offer our clients
best-of-breed options that help them provide the products and
services their customers and members want. By formalizing a
partnership between our company and Andera, we are excited to offer
our clients another solution that addresses the growing demand in
the marketplace for online account opening and funding services.
Mike Nicastro, SVP and CMO, Open Solutions Inc.
We chose Andera because they are a pioneer in the online account
opening market and their solution offers all of the conveniences we
demand for our customers and our Bank's technology initiatives.
Opening an account is one of the first experiences a customer has
with a bank and we wanted that experience to be as positive, simple
and streamlined as possible. Andera's solution makes that possible.
Dan Sullivan, EVP of Technology Advancement, Umpqua Bank
Harland Financial Solutions is committed to providing its clients
with the solutions necessary to effectively compete. Online account opening is an important new component for our clients' online banking strategies and a high priority for several of our clients, many of whom have already selected Andera's market leading solution. Establishing a partnership with Andera is another example of ensuring our clients have the necessary tools to support their ongoing success.
Helen Rusty Beckel, SVP, Strategy & Market Development, Harland Financial Solutions
Partnering with Andera enables new and existing Sybase customers
access to an integrated solution for online account opening and
funding. Integrating Andera's solution into the banking product
suite allows our customers to increase their deposits while
virtually extending their competitive footprints through the online
channel into markets where they currently do not compete. This is
one more step towards Sybase's vision of the unwired enterprise.
Andrew Mikesell, eCommerce Product Director, Sybase
NCR's Internet banking services have historically been focused on
helping our client banks service their existing customers through
the online channel. By offering Andera's online account opening and
funding solutions, we are now able to help those same banks use the online channel to acquire new customers. This seamless combination of sales and service is a must-have for the next generation of Internet banking.
Greg Hanson, General Manager, NCR eCommerce
The beauty of Alliant's account opening system is that it provides
enhanced customer convenience while giving Alliant the much-needed
flexibility to execute on customer acquisition strategies. The
added savings benefits of the system solidify the overall business
case for such solutions, resulting in a win-win for both the credit
union and its members.
Eva Weber, Analyst, Aite Group, Case Study of Alliant Credit Union
Creating an easy process for opening an account for both the user
and the institution is the goal of our partnership with Andera.
This integrated solution not only leads to smooth account opening
and a better user experience, but will help institutions facilitate
cross-selling of products for critical organic growth.
Johann Dreyer, CEO, S1 Corporation
Aite Group has identified online account opening and funding as an
imperative for U.S. financial institutions. Andera has more
customers for account opening and funding than any other vendor we
profiled, suggesting that they are gaining traction, particularly
among small and mid-tier institutions.
Eva Weber, Analyst, Aite Group
The professionals at Andera are our E-business experts. Their
personal approach, responsiveness, and constant willingness to do
the impossible allow us to commit with confidence to introducing
new technology-based product and service offerings to our
customers. We rely on them for building and deploying value-driven
online banking and payment services like CampusMate, which are of
new strategic importance to the bank.
Merrill W. Sherman, President & CEO, Bank Rhode Island
With Service Credit Union's worldwide field of membership, we
needed a solution to allow members to open and fund new accounts anytime, anywhere. Andera's New Accounts Online is a perfect fit with our Internet channel and our 24-hour Contact Center. The application provides the credit union with a secure, convenient method to serve our mobile membership base. We first looked at Andera because we thought their Web account opening and funding solution was the strongest in the market. But as we learned more about how robust and integrated their complete platform really is, we made the decision to deploy it in the Contact Center as well. In 2006 we will look to add the product in our branch offices.
Gordon Simmons, President/CEO, Service Credit Union
Using New Accounts Online, we anticipate this will be our most
successful membership drive ever. Not only does it allow us to
offer the highest levels of convenience around membership
enrollment to prospective members, but it also allows us to more
effectively reach geographically disperse areas that may not be in
close proximity to CSCE FCU branch locations. Using New Accounts
Online is a win-win for us and our members.
Peggy Wells, CEO, CSC Employees FCU
We wanted our new members to be able to complete the enrollment process electronically, with the ability to open and fund the account at the time of enrollment. We have been experiencing high abandonment rates by sending the forms to the member through the mail and then never receiving them back. Andera's solution significantly helps us address that issue in one seamless, cost-effective package.
Lynn Bowers, CEO, Energy First Credit Union
The primary reasons we are implementing Andera's Online Account
Opening system are to make it easier for customers to start banking
with First Mid-Illinois and to make it convenient for existing
customers to open additional relationships... We are proactive in
utilizing technology and believe that offering account opening online will become increasingly important to customers. We wanted a solution that would make us stand out from other banks in our area, and anticipate that Andera's solution will further identify us as
progressive and technically competent.
Randall Ross, Senior Vice President, Electronic Banking, First Mid-Illinois Bank & Trust
In rolling out HSAs to the marketplace, we are looking to
proactively reach out to consumers and offer them a new solution
that fits their individual needs. We designed our HSA program with
convenience in mind, which made instant online enrollment through
Andera a natural extension of our strategy. By offering online
enrollment in our HSA product, we are streamlining productivity at
the bank, saving our customers valuable time, and reducing
inefficiencies and slippage associated with an offline, paper-based
enrollment process.
Sara Junio, Director of Deposit Products, Associated Bank
Toyota has employees throughout the country. While we have branches in California and Kentucky, we have focused extensive resources on serving all our current and potential members whether or not they have a branch nearby. We selected Andera's system as the latest addition to our wide array of advanced electronic services. Wherever an eligible member lives or works, they will have full access to the credit union.
Brock Kasnick, VP/COO, Toyota Federal Credit Union
It was important to us that any solution integrate seamlessly with
our core system. Andera's interface with our Summit core system
allows accounts opened online to be set up in real time. That level
of automation, combined with funding and instant approvals, made
Andera the right choice for us.
Brian Thompson, VP of Delivery and Technology, American First FCU
Our field of membership is distributed across the country, and we
are always trying to find innovative ways to make the account
opening process easier. Andera provides a streamlined solution that
is entirely electronic, ensuring a much better experience to our
potential members and saving time and money for the credit union.
Melody Hair, Operations Manager, General Mills FCU
Associated Bank was impressed that Andera's platform was flexible
enough to allow us to meet our strategic approach to HSAs while at
the same time expanding our capabilities to easily open and fund
new deposit accounts online. As we continue to proactively enhance and expand the products and services available to our customers through the Internet, we feel confident that Andera's online sales tools will become an increasingly critical and cost effective component of our overall commitment to exceed customer expectations.
Leonard Rowe, Director of eBusiness, Associated Bank
Our partnership with Andera is another example of how USERS' open
architecture gives our clients the freedom to choose the specialty
applications that best meet their business needs. By integrating
our core system with the Andera solution, our clients can expand
their self-serve options and provide members with even greater
convenience online.
Larry Tankeloff, Senior Vice President, USERS
Andera is the industry leader in enrollment and account opening for
financial institutions. This product delivers a valuable tool to
financial institutions that want to attract new customers and new
accounts through online banking.
Pratap Gautam, Product Manager, Cavion Plus
Celent investigated the market for online account opening and
funding in July of 2007, and forecast that industry penetration
would grow from 2% at that time to 20% by 2010. As financial
institutions increasingly look to cross sell existing customers and
acquire new customer relationships online, the rapid pace of
industry adoption is accelerating as projected.
Edward Woods, Analyst, Celent
Andera's New Accounts Online has standardized and streamlined our
account origination process across our delivery channels. As one of
the largest credit unions in the country, our requirements were
quite complex, but the Andera team was fully able to tailor their
solution to our needs. After only a 90 day implementation process,
New Accounts Online was able to support us through one of our
busiest enrollment periods, handling almost twice our usual new
account volume. Because all of the risk, decisions, and workflow
are managed automatically, we were able to handle that high level
of activity without adding staff.
Jennifer Divelbiss, Marketing Director, Alliant Credit Union
Our partnership with Andera gives us the control we need to customize the application experience for our customers – be it on a smartphone, tablet or laptop.
Shamir Karkal, Co-founder and CFO, BankSimple
We're proud to be Andera's 500th customer. We picked Andera because of their deep experience with online account opening, as well as their roadmap of new innovative products and services.
Jim Badger, SVP, Salin Bank
We trust the Andera partnership will help us reach not just any customer, but the customers that will be profitable to our institution now and in the future.
Jim Badger, SVP and Director of Marketing, Salin Bank