FEATURE : DIGITALIZATION
As open banking continues to shape the US financial landscape , Atomic ’ s integration into Backbase ’ s Engagement Banking Platform offers a streamlined user experience while increasing direct deposit penetration and lending opportunities for financial institutions .
Atomic , a leader in consumer-enabled direct deposit switch technologies , is to integrate its direct deposit and income and employment verification capabilities directly into Backbase ’ s Engagement Banking Platform .
This partnership is pitched as offering financial institutions the ability to , in turn , offer their customers the ability to digitally switch direct deposits during account setup and electronically confirm income and employment details during loan processes – enhancing user experience and increasing user retention .
Backbase and Atomic to deliver digital first solutions for community banks and credit unions
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