How they describe themselves: Access Softek is the only company to offer an omnichannel solution for the four pillars of digital banking: online banking, mobile banking, omnichannel lending, and omnichannel account opening. The company’s history of innovative digital banking firsts includes the first app-based mobile banking and the first triple play of native apps, mobile browser, and SMS banking, and continues with its industry-leading use of A.I. and machine learning. Since 1986, Access Softek has continued to unveil cutting-edge industry firsts to over 400 credit unions from our Berkeley, California headquarters. Access Softek is mobile-first and A.I. everywhere.
How they describe their product/innovation: Access Softek is proud to introduce the first white-label robo-advisor for financial institutions that provides an integrated user experience with online and mobile banking. We’re removing the barriers of multiple apps and separate passwords: now all accounts, transactions and transfers are as seamless between investments and banking as between checking and savings.
We’re also introducing the first real-time deep neural network-based fraud control solution designed for integration with online and mobile banking and robo-advisors. Real-time out-of-pattern fraud control prevents fraud in session and enhances the user experience by only challenging suspicious behavior.
Product distribution strategy: Through financial institutions