Computer Services (CSI) has launched NuFund, a new product designed to allow consumers to open and fund new accounts on the internet.
Reportedly, NuFund allows bank customers to apply for deposit accounts online. The product is low-maintenance for banks and user-friendly for customers. Customers can apply to open a checking, savings, certificate of deposit (CD), or health savings account online. Additionally, CSI has said that NuFund also provides regulatory compliance components.
Bob Ezell, vice president of product marketing at CSI, said: “Growing new accounts from the online channel is a cost-effective process that allows banks to acquire additional core deposits. NuFund’s fast and easy implementation process allows banks to offer sales channels outside their traditional brick and mortar facilities.”
US-based CSI delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, and regulatory compliance solutions to over 4,600 financial institutions and corporate entities.
