ATLANTA - S1 Corp. and Andera Inc., a provider of account-opening and funding solutions to the retail financial market, have signed an alliance to deliver Andera's online account capabilities to S1's Internet-banking solution customers.
According to a news release, the delivery will be facilitated through Postilion Inc. and its S1 Enterprise divisions.
"Andera has continuously demonstrated its value, meeting the most demanding requirements of financial institutions of every size, all in the effort to enhance the user experience," said Charlie Kroll, Andera's chief executive. "Integrating Andera within the market-leading solutions from S1 enables more banks and credit unions to significantly streamline the account-acquisition process, leading toward a more profound experience for the user."
The integrated Account Opening solution from Andera and S1 allows customers to open new accounts from an FI's Web site. It streamlines the account-opening process while facilitating cross-selling for more organic growth and integrates the ability to fund a new account online in a secure way.
"Creating an easy process for opening an account - for both the user and the institution - is the goal of our partnership with Andera," said Johann Dreyer, S1 CEO. "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."
