×


Home About Contribute Sponsorship Contact Sign In
×







.


Technology Industry News

BEP Systems release 100% digital savings system


BEP Systems, the financial services software house, has launched a fully online savings origination module as part of the continuing development of its Apprivo2 platform.

  • By
BEP Systems release 100% digital savings system


"Im excited to announce the launch of a 100 digital savings system to help banks and building societies offer a fully online savings solution."
Chris Little



BEP Systems, the financial services software house, has launched a fully online savings origination module as part of the continuing development of its Apprivo2 platform.

The new module will allow banks, building societies and new entrants into the savings market to originate and open variable and fixed accounts, ISAs, notice accounts and bonds. It can also be used to improve and expand their product offering and to quickly launch new accounts to market.

The digital process includes full data capture, electronic Know Your Customer (eKYC) and signing of applications forms via e-signatures allowing accounts to be opened instantly online without any paper.

BEP’s Application Program Interface (API) in Apprivo2 has been extended to accommodate these savings data sets and all data will pass seamlessly to the bank or building society’s internal engines for ongoing account administration through bespoke workflow processes.

Many small and niche savings providers are now entering the market and offering highly competitive rates to savers, this coupled with traditional High Street banks rationalising their branch network, a fully online solution will be very attractive to customers and banks alike. 

Chris Little, Managing Director of BEP Systems, said: “I’m excited to announce the launch of a 100% digital savings system to help banks and building societies offer a fully online savings solution for customers who find it preferential to conduct their finances online, or can’t access local branch service due to their location.  

“We are currently talking to several savings providers about introducing the system and they are interested in how the new module can fit seamlessly with back office legacy systems and allow them to expand their product portfolio and get new savings accounts quickly to market.

“Our customisable Apprivo2 platform has been developed for this savings solution, making it one of the most adaptable and fastest growing systems of its kind in the UK financial software field.”

 

.


Technology Business News - LOS ANGELES 23rd March 2021 - Cloud security innovation leader, Orca Security, has today announced a successful 210 million Series C funding round.


Orca Security announce $210m Series C round led by CapitalG and Redpoint Ventures

Technology Business News - As the finance industry increasingly adopts digital onboarding technologies, they are utilizing and storing more of our biometric data and personal identification information.


Regulation needed to ensure Finance Industry use compliant Digital Identity technologies

Technology Business News - If you don t work in the Finance industry, you naturally aren t too concerned with financial services industry regulations. Yet some regulations don t just affect the people who work in the finance industry they affect everyone.


Global Finance Industry faces further regulation after pandemic exposes weaknesses

Technology Business News - Global healthcare leader Abbott have announced the release of their first Virtual Reality training program, powered by Oculus Go , aiming to fundamentally change how cardiologists are trained in using Optical Coherence Tomography OCT imaging technology.


Abbott launches flagship Imaging Technology VR Training Program for Cardiologists

Technology Business News - Next year will be the 40th anniversary of the launch of MTV. Launched in August 1981, MTV aptly chose Video Killed The Radio Star by The Buggles as their first featured music video. Video never did kill the radio star, online radio stations and music streaming services have never been more popular.


YouTube creator brings electronic music to life with visionary video productions

Technology Business News - Organizations invest heavily in security and compliance. They secure and monitor emails, networks and devices to help protect their data, employees and reputation.


Theta Lake's rapid rise to prominence from the need to protect the collaborative workplace






Ten Times Ten

Analytics, Modelling & Business Intelligence Specialists