Specialist Banks’ primary funding source is usually through offering savings accounts, notice accounts, and term deposits or bonds to the open market.
Specialist Banks need to be able to “turn on the funding tap” at short notice, on-board customers with little or no staff intervention and allow them maximum self-service opportunity during the life of the account. The aim must be to remove any barriers to customers depositing with the bank, but do so in a way which minimises bank staff time and therefore cost to the bank.
Aurius Deposits is designed specifically to service banks operating in this market, where speed-to-market, customer self-service, automation and a “zero-touch” approach are vital both for a friction-free customer experience and an efficient operation from the bank’s perspective.
Aurius Deposits can be connected to the bank’s own chosen web front end using the Aurius Connectivity Suite products, or banks can choose to use the integrated front end account acquisition portals and the internet account servicing application supplied with Aurius.
With its support for deposit taking from retail customers, SMEs, charities, trusts and other entities with multiple owners and signatories, across all account types, specialist banks can trust Aurius to provide a reliable, automated, low-cost platform for managing the bank’s deposit book.