Small Business & Commercial Deposits
Leverage a single platform to acquire and onboard businesses in an effortless way.
NCR Terafina ranked #1 for User Experience and overall leader for Customer Journey in Javelin Strategy & Research's 2021 Small Business Account Opening Report
Small Business Deposits
The Small Business Deposits module will allow your customers to open a checking, savings, individual retirement, CD, or money market account for their business with ease.
- Enable small business owners to apply anytime and anywhere they want with Terafina's omnichannel capabilities
- Offer bundled deposit and lending offers to capture all the needs of a new business relationship in a single application
- Allow various owners to provide their details separately, creating efficiencies for customers and back office employees
- Integrate KYC and KYB validation processes within the application
Commercial Deposits
Complex applicant entity structures can be opened simultaneously to optimize engagement, reduce onboarding times, and cut down on back office support.
- Supports corporations, LLCs, LLPs, Trusts, Government, and Cooperatives
- Easily configurable workflows significantly reduce the relationship manager's time to initiate product set up
- Captures multiple principals and ownership relationships between entities, reducing back and forth account set up time
“I’ve been really pleased with our progress with the open platform today and I believe it is at least 18-24 months ahead of the market.”
Stuart Cook
Chief Digital & Product Officer, Valley Bank"We have been able to significantly improve the onboarding experience while penetrating the retail segment with small business products. This unique capability has added great value to our customers' experience."
Matt Adkins
Chief of Retail Banking Services, PlainsCapital Bank"Few partners have added the value that these guys have. A fantastic set of products and even a better team that not only gives you hard work but practical intelligence. They have been the source of many great ideas."
Chris Nichols
Director of Capital Markets, SouthState Bank"NCR Terafina offers a fully automated platform that helps create personalized experiences. This new partnership will help us uniquely address our members’ needs."
Jeff March
CEO, Citadel Credit UnionAs we continue to focus on providing an exceptional customer experience, we are excited to partner with a company like NCR Terafina. We strive to bring our customers the very best experiences and take pride in being consistently named one of America’s best banks.
