Why financial institutions need to strengthen existing fraud detection solutions

As financial institutions battle fraudsters, they still face enormous pressures to grow the business, deliver innovative services, and comply with strict regulatory requirements. In an effort to get ahead of cybercriminals and meet compliance goals, finance institutions have continued to rely on traditional fraud management solutions to help them reduce fraud. Unfortunately, according to risk analytics company OneSpan, these institutions are finding that traditional tools and technologies are no longer good enough, and they require a modern solution.

Why financial institutions need to strengthen existing fraud detection solutions

Mar 19, 2019

As financial institutions battle fraudsters, they still face enormous pressures to grow the business, deliver innovative services, and comply with strict regulatory requirements. In an effort to get ahead of cybercriminals and meet compliance goals, finance institutions have continued to rely on traditional fraud management solutions to help them reduce fraud. Unfortunately, according to risk analytics company OneSpan, these institutions are finding that traditional tools and technologies are no longer good enough, and they require a modern solution.

After the Dealflo acquisition, OneSpan aims for growth in the auto and asset finance sectors

Last May (2018) Vasco Data Security acquired UK-based Dealflo in a cash deal worth £41 million. At the same time it made two significant announcements – the launch of its Trusted Identity Platform and a change to its corporate name from Vasco to OneSpan. The moves were led by OneSpan’s chief executive Scott Clements, who joined the company in 2015, was appointed chief operating officer in 2016, and subsequently CEO in July 2017. Prior to joining Vasco he headed up the retail solutions business at Tyco International where he was the chief technology officer and latterly the corporate senior vice president in charge of business development.

After the Dealflo acquisition, OneSpan aims for growth in the auto and asset finance sectors

Feb 11, 2019

Last May (2018) Vasco Data Security acquired UK-based Dealflo in a cash deal worth £41 million. At the same time it made two significant announcements – the launch of its Trusted Identity Platform and a change to its corporate name from Vasco to OneSpan. The moves were led by OneSpan’s chief executive Scott Clements, who joined the company in 2015, was appointed chief operating officer in 2016, and subsequently CEO in July 2017. Prior to joining Vasco he headed up the retail solutions business at Tyco International where he was the chief technology officer and latterly the corporate senior vice president in charge of business development.

How MotoNovo Finance automated 40% of new business to drive exponential growth

MotoNovo Finance has revealed how it improved compliance, enhanced the customer journey and grew market share by automating manual processes. In 2012, it engaged with OneSpan to introduce its OneAgreement Automation solution to fully digitize the end-to-end finance agreement process. It means that MotoNovo Finance customers can complete their motor finance agreement via a fully digital journey, either at home, or at the dealership.

How MotoNovo Finance automated 40% of new business to drive exponential growth

Feb 11, 2019

MotoNovo Finance has revealed how it improved compliance, enhanced the customer journey and grew market share by automating manual processes. In 2012, it engaged with OneSpan to introduce its OneAgreement Automation solution to fully digitize the end-to-end finance agreement process. It means that MotoNovo Finance customers can complete their motor finance agreement via a fully digital journey, either at home, or at the dealership.

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Customer onboarding: removing friction and reducing risk

Signing up a customer is a make or break moment – get the onboarding process right, and it’s the perfect opportunity to win a customer’s loyalty. Get it wrong, and the customer may walk away, or the organisation can find itself exposed to unnecessary risks. Today’s customer is looking for speed, ease and convenience – whether online, through an intermediary, or in-branch. It’s no surprise that innovative financial services companies looking to win new customers and increase customer loyalty are turning to technology to help improve the customer experience.

Customer onboarding: removing friction and reducing risk

Aug 14, 2018

Signing up a customer is a make or break moment – get the onboarding process right, and it’s the perfect opportunity to win a customer’s loyalty. Get it wrong, and the customer may walk away, or the organisation can find itself exposed to unnecessary risks. Today’s customer is looking for speed, ease and convenience – whether online, through an intermediary, or in-branch. It’s no surprise that innovative financial services companies looking to win new customers and increase customer loyalty are turning to technology to help improve the customer experience.

Invigors publishes report on selecting agreement automation platforms

A detailed report has been published to help guide financial services companies through the key stages of buying agreement automation software to digitise customer onboarding. The new guide, called Agreement Automation for Customer Onboarding RFP Guide, is aimed at financial services companies looking for technology that can automate the end-to-end customer agreement process, and comes with a template RFP in an excel spreadsheet containing best practice suggestions for questions to include to find the best providers.

Invigors publishes report on selecting agreement automation platforms

Jul 19, 2018

A detailed report has been published to help guide financial services companies through the key stages of buying agreement automation software to digitise customer onboarding. The new guide, called Agreement Automation for Customer Onboarding RFP Guide, is aimed at financial services companies looking for technology that can automate the end-to-end customer agreement process, and comes with a template RFP in an excel spreadsheet containing best practice suggestions for questions to include to find the best providers.

Vasco Data Security rebrands as OneSpan and announces acquisition of Dealflo

NASDAQ-listed Vasco Data Security has rebranded as OneSpan and announced the acquisition of financial agreement and identity verification firm Dealflo in a deal worth £41 million ($55 million). The deal brings together two leaders involved in the digitalisation of business processes for customer onboarding. UK-based Dealflo has seen rapid growth in the asset finance market and recently reported that more than one-third of all motor finance agreements executed in the UK now pass through its financial services automation platform.

Vasco Data Security rebrands as OneSpan and announces acquisition of Dealflo

May 31, 2018

NASDAQ-listed Vasco Data Security has rebranded as OneSpan and announced the acquisition of financial agreement and identity verification firm Dealflo in a deal worth £41 million ($55 million). The deal brings together two leaders involved in the digitalisation of business processes for customer onboarding. UK-based Dealflo has seen rapid growth in the asset finance market and recently reported that more than one-third of all motor finance agreements executed in the UK now pass through its financial services automation platform.

Digitisation of financial agreements: managing the risks, gaining the benefits

First impressions count for a lot, especially in a competitive market. As financial services companies have found to their cost, the customer onboarding process can make or break a customer relationship.  Get onboarding right, and it’s the perfect opportunity to win a customer’s loyalty. Get it wrong, and customers will become frustrated and walk away. Today’s consumers want to sign up for financial agreements quickly and conveniently. Either online, at home, or face-to-face with an intermediary. In two recent studies, researchers found that 83% of UK consumers are comfortable signing financial agreements electronically if it means receiving funds faster1, and that 41% of customers would be happy to buy a car through an entirely online process2.

Digitisation of financial agreements: managing the risks, gaining the benefits

Apr 30, 2018

First impressions count for a lot, especially in a competitive market. As financial services companies have found to their cost, the customer onboarding process can make or break a customer relationship.  Get onboarding right, and it’s the perfect opportunity to win a customer’s loyalty. Get it wrong, and customers will become frustrated and walk away. Today’s consumers want to sign up for financial agreements quickly and conveniently. Either online, at home, or face-to-face with an intermediary. In two recent studies, researchers found that 83% of UK consumers are comfortable signing financial agreements electronically if it means receiving funds faster1, and that 41% of customers would be happy to buy a car through an entirely online process2.

Dealflo demand rises in response to increasing auto finance compliance pressures

More than one-third of all motor finance agreements executed in the UK now pass through the Dealflo financial services automation platform, the company has revealed. The platform allows motor finance companies to digitise their end-to-end customer agreement process, including the use of e-signature technology.It also collects evidence at each stage of the transaction to prove that agreements have been executed to fully compliant standards. Among its recent customers is Santander Consumer, which signed up to the system to underpin its motor finance operations.

Dealflo demand rises in response to increasing auto finance compliance pressures

Apr 16, 2018

More than one-third of all motor finance agreements executed in the UK now pass through the Dealflo financial services automation platform, the company has revealed. The platform allows motor finance companies to digitise their end-to-end customer agreement process, including the use of e-signature technology.It also collects evidence at each stage of the transaction to prove that agreements have been executed to fully compliant standards. Among its recent customers is Santander Consumer, which signed up to the system to underpin its motor finance operations.

How DSG Group managed the transition to e-contracting

Leading car finance broker DSG Financial Services originally began looking at automated e-signing and verification system as part of a move to set up its own lending function alongside its existing broker offering. “We wanted to make sure the lending process was as efficient as possible, given that lenders and borrowers are increasingly moving to online operations. Our first thought was to implement an e-sign function. But once we evaluated Dealflo’s solution, we saw we could do a lot more, by creating a multi-lender facility which automates processes end-to-end and which would deliver significant additional benefits,” explains DSG’s CEO Richard Hoggart.

How DSG Group managed the transition to e-contracting

Jan 20, 2017

Leading car finance broker DSG Financial Services originally began looking at automated e-signing and verification system as part of a move to set up its own lending function alongside its existing broker offering. “We wanted to make sure the lending process was as efficient as possible, given that lenders and borrowers are increasingly moving to online operations. Our first thought was to implement an e-sign function. But once we evaluated Dealflo’s solution, we saw we could do a lot more, by creating a multi-lender facility which automates processes end-to-end and which would deliver significant additional benefits,” explains DSG’s CEO Richard Hoggart.