Last month, Dallas-based Texas Capital Bank launched a proprietary digital onboarding solution designed to improve the commercial banking experience by simplifying and accelerating the account-opening process.
Texas Capital Initio was designed in-house from scratch during lockdown. “Digital identity verification enables banks and financial institutions to streamline their entire onboarding experience. Using document verification, biometric verification, data verification and fraud detection signals, businesses are able to confirm customer identities in a matter of minutes,” says Nancy McDonnell, head of treasury services.
