How they describe themselves: Paper must be stopped.
Customers will not stand for it. Staff members hate it. It’s expensive. It blinds you. It causes delays and mistakes. It’s bad for the planet. You end up shredding it anyway.
Plus, now that just about everyone does just about everything on mobile devices or online, financial institutions that continue to rely on paper forms for loan and deposit applications will be at a serious competitive disadvantage. oFlows combines the latest technology with best practices to bring the most intuitive, efficient and powerful multi-channel originations platform for both loans and deposits to banks, credit unions and lenders.
How they describe their product/innovation: oFlows ‘Mobilize’ takes the oFlows paperless originations technology – you guessed it – mobile. The entire oFlows platform has been optimized for mobile tablets and smart phones. Staff members can use oFlows Mobilize on an iPad or Android tablet in the branch or out in the field to gather information, run business rules, review files, make decisions and get ‘wet digital’ signatures – anywhere they have a WiFi or cellular data connection. With oFlows Mobilize, customers can also use their mobile phones to e-sign all of their agreements from anywhere. We call this feature ‘Sign Anywhere’. And yes, we are looking for help in naming the new products.