- Oregon State Credit Union has partnered with US-based banking technology vendor Bankjoy for its online account opening solution to drive new member acquisition and deposit growth.
- The solution offers an ultra-fast, 90-second onboarding process, utilizing an ID-selfie matching process and allowing configuration of enrollment workflows for various account types and funding options.
- The credit union, serving over 142,000 members, aims to enhance its digital capabilities and support online, mobile, and in-branch channels for member onboarding.
- Bankjoy’s online loan application product has also been integrated into the credit union’s digital banking platform (NCR) and core processing platform (Corelation KeyStone) to streamline the loan origination and approval process.
- Kim Sather, Chief Information Officer for Oregon State Credit Union, sees Bankjoy as an integral part of their long-term digital transformation journey.
- Bankjoy’s CEO, Michael Duncan, emphasizes the importance of digital onboarding channels in today’s economic climate to generate deposit and loan growth, manage funding costs, and address the decrease in physical branch footfall.
