#USA #Alpharetta #ValidiFI #Amount #Digital Origination

Amount Partners with ValidiFI to Transform Digital Origination Processes

Amount, a pioneer in the field of banking technology, has entered into a significant partnership with ValidiFI, a top provider of predictive bank account and payment intelligence solutions. This collaboration is set to revolutionize digital origination processes for financial institutions (FIs) across the board, enhancing not only efficiency but also security through advanced real-time fraud detection and account validation techniques.

Enhancing Client Solutions

Amount is recognized for its innovative software that allows for seamless deposit account openings and loan origination. By integrating ValidiFI's state-of-the-art solutions into its robust SaaS platform, Amount aims to reinforce the capabilities that financial institutions can leverage in their lending practices. This alliance is particularly timely as the demand for enhanced digital solutions in banking continues to surge.

One of the primary benefits of this collaboration is the incorporation of ValidiFI's expansive data network, which sources key banking data to maximize coverage. This enables more effective validation and authentication of bank accounts during the origination process. The partnership is designed to streamline operations and remove friction from the enrollment of both consumer and business accounts—an essential factor in today's fast-paced financial landscape.

“This partnership will allow our clients to make better decisions, faster, with even more comprehensive data,” stated Kevin Trilli, Amount's Chief Product and Technology Officer. This statement encapsulates the essence of what this collaboration hopes to achieve: empowering financial institutions with next-generation technology that supports smarter decision-making processes.

Real-Time Data at Its Core

The integration of ValidiFI's instant bank account validation solution serves as a game-changer. Not only does it authenticate ownership of accounts with fraud signals, but it also allows for real-time responses in ACH payment enrollment and bank account workflows. With fraud being a prevalent risk in digital transactions, having these enhanced capabilities will help FIs thwart scams and prevent fraudulent accounts from being created.

John Gordon, CEO of ValidiFI, expressed his enthusiasm regarding the collaboration, emphasizing its relevance in today's digital-first financial services landscape. “We’re thrilled to collaborate with Amount, a leader in digital transformation. ValidiFI's expansive data network will provide FIs with more accurate, real-time insights to improve their decisioning processes,” he remarked.

The Goals of the Collaboration

The overarching objective of this partnership is the elevation of customer experience. By marrying Amount's seamless digital-first platform with ValidiFI's rich data-driven insights, FIs can expect not only enhanced operational efficiency but also a renewed competitive edge in the fast-evolving financial sector. As customer expectations shift towards demanding quick, efficient, and secure banking experiences, this collaboration stands poised to deliver.

About Amount

Founded to bridge the gap between digital transformation and customer satisfaction, Amount has created a unified platform designed to cater to the varying needs of financial institutions at any stage of their digital journey. Its services streamline processes ranging from loan origination to account openings, effectively minimizing risk while enhancing performance. With a clientele that manages over $3.1 trillion in assets, Amount is a trusted partner for numerous FIs across the United States.

About ValidiFI

ValidiFI stands at the forefront of bank account and payment intelligence, offering solutions that empower organizations to navigate financial transactions confidently. By analyzing the relationships between bank accounts and payment behaviors, ValidiFI provides valuable insights that bolster the risk assessment processes for lending and financial decision-making.

Through their combined strength and focus on innovation, Amount and ValidiFI are set to redefine how digital origination and fraud prevention operate within the financial services sector. As they embark on this collaborative journey, the benefits anticipated by both financial institutions and their customers alike are substantial, leading to a more secure and efficient banking environment for everyone involved.