Online Account Opening Software

Deliver a frictionless, personalized, and omnichannel customer onboarding experience.

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 Online Account Opening Software - Online Account Opening

Online Account Opening Software

Accelerate customer acquisition, optimize costs, reduce abandonment rates, and deliver a superior customer experience with the help of a scalable and user-friendly online account opening software. Intuitively guide customers through the process with a portal-based solution, built on a low code digital automation platform. Ensure that your account opening interface is intelligent and responsive, allowing customers to initiate, pause, and complete their application across any mix of channels without losing their data. Additionally, empower your employees to upsell and cross-sell products based on customers’ dynamic needs.

Online Account Opening

Unified Platform for All Banking Products

  • Single platform to handle all products such as savings, checking, CD, MMA, IRA, HSA, etc.
  • Ability to handle consumer and business accounts online.

Omni-channel and Personalized On-boarding Experience

  • Omni-channel support for online, in-branch and customer care channels
  • Options to start, save, and complete application across multiple devices.

Information Capture and Upload

  • Pre-fill of data from ID documents or existing customer records
  • Easy document and signature upload using a variety of devices

Customer Verification and Risk Management

  • Third-party integration with IDV/IDA vendors for automated decisions
  • Automatic risk assessment through integration with fraud check software, AML/BSA systems, OFAC databases, etc.
Online Account Opening

Activity Tracking and Monitoring

  • Process insights including application volumes, channels, abandonment rates, completion times etc.
  • 360-degree business activity monitoring for a holistic view of the customer lifecycle

Seamless Integration with Third-party Systems

  • Tight integration into core banking systems for instant account opening
  • Integration with payment gateways and account aggregates for funding.
  • Other integrations including online banking, CRM, IDV/IDA, eSign, card issuance, and check ordering

Customer On-boarding Activities

  • Rule-based intelligent cross-selling and up-selling options
  • Customer on-boarding activities including online banking enrollment and services setup

Ensuring Real Outcomes for Every Role

Chief Executive Officer

Responsible for overall business strategy, CEOs can leverage Newgen’s online account opening software to ensure cost efficiency while generating a higher customer lifetime value, increasing process visibility and control, and driving deposit growth to support the financial institution’s lending portfolio. All of this enables them to deliver: 

  • Increased profitability and revenue 
  • Faster account opening and higher volume of accounts opened 
  • Rapid deployment for a faster ROI 
  • Superior customer experience 
  • Enhanced adherence to compliance with regulatory requirements

Chief Operating Officer

COOs are responsible for streamlining operations, maintaining efficiencies, and ensuring real-time visibility and transparency across all processes. An online account opening software can help them seamlessly manage end-to-end operations, beginning with seamless account opening. Furthermore, it can help them achieve: 

  • Reduced customer acquisition costs 
  • Improved productivity and an optimized workforce 
  • Quicker account opening and customer onboarding 
  • Reduced operational costs 
  • Rapid and easy product additions and upgrades 


Digital Marketing Manager

With a focus on engaging and attracting customers, digital marketing managers can deliver timely, contextual communications, via customers’ channel of preference, by implementing a robust online account opening solution. By streamlining the account opening and onboarding processes, digital marketing managers can easily convert leads into customers and enable:

  • Reduced abandonment rates
  • Frictionless customer experience
  • Increased up- and cross-selling
  • Maximized straight-through processing
  • Personalized, omnichannel communications

Chief Compliance Officer (CCO)

Responsible for ensuring compliance and mitigating risk, CCOs can leverage a purpose-built online account opening software to safeguard their organization. The software can help CCOs ensure compliance with dynamic regulatory requirements and enable: 

  • Comprehensive application checking 
  • Fraud prevention 
  • Easy auditing and compliance reporting 
  • BSA/AML and customer due diligence 
  • Improved data governance and management 

Branch Head

Branch heads and operations managers are the “boots on the ground,” interacting directly with customers and responding to immediate needs. By implementing an online account opening solution, with omnichannel capabilities, they can streamline their customers’ experience, regardless of the channel of transaction, and ensure: 

  • Superior customer experience for branch walk-ins 
  • End-to-end visibility of branch staff and resource utilization 
  • Reduced turnaround times, across all channels 
  • Rapid exception management 
  • Continuous process improvement, in-branch and online 


 -  - Online Account Opening

Success Stories

Frequently Asked Questions

Does Newgen provide an online application portal?

Yes, the Newgen’s digital account opening solution provides a customer portal for the online initiation/application of a new deposit account. The online initiation is an extension of the financial institution’s website and is tightly integrated with the underlying account opening platform. The online initiation is configured as per the branding guidelines of the financial institution.

Which systems Newgen’s online account opening software integrates with?

Newgen online account opening software integrates with the following systems:

Clickswitch, Deluxe,, Plaid, United Postal Service, Glia, Topaz Systems, Magic Wrighter, IMMeSign, Experian, Finastra, Basys.

How does the Newgen solution handle customer onboarding workflow?

Typically, Newgen has seen that once a consumer account is opened, the new customer is onboarded into the core. If the bank views onboarding activities as a separate process/requirement different from this, Newgen would need a more detailed understanding of the bank’s consumer onboarding process. Newgen will work with the bank during the implementation process to align the solution to the bank’s specific requirements regarding consumer onboarding.

Is the Newgen solution hosted on the cloud?

Newgen’s online digital account opening and loan origination solutions are available on the cloud and on-premise.


Whitepaper: Best Practices for Successful Digital Account Opening


Best Practices for Successful Digital Account Opening

Read our whitepaper authored by Jim Marous, Co-publisher, The Financial Brand, to gain detailed insights ...

January 2023

Case Study: One of the Largest Commercial Banks in Vietnam Automates Account Opening and Lending Processes with Newgen

Case Study

One of the Largest Commercial Banks in Vietnam Automates...

The client is a leading bank in Vietnam with nearly 30 years of experience. The ...

September 2022

Case Study: Account Opening Process Automation at Wilson Bank & Trust

Case Study

Account Opening Process Automation at Wilson Bank &...

Wilson Bank & Trust implemented Newgen’s online account opening software, part of the NewgenONE Digital ...

February 2022

Panel Discussion: Step into 2022 Today with Digital Account Opening

Panel Discussion

Step into 2022 Today with Digital Account Opening


Watch our panelists as they discuss the blueprint for a smooth and successful account opening ...

September 2021