On Tuesday, fintech startup Avoka announced that Colorado-based Alphine Bank has selected the Avoka Transact Platform to enhance its digital presence.
Avoka reported that it will deliver completely digital account openings that include ID verification, funding, and immediate establishment of the account. The company noted that the strategy will allow Alpine to reach customers beyond its current branch network and better serve current customers who prefer to bank on their computers or phones. Andrew Karow, Alpine’s Chief Digital Officer, stated:
“Alpine Bank is committed to giving Coloradans financial solutions to fit individual needs and lifestyles. We chose Avoka because we believe they will help us best serve our current customers, and the new customers we will now be able to reach beyond our current branch network. We are building a customized account-opening experience that is customer-centric, which is how we approach all of our customer relationships. One of the reasons we chose Avoka is because we did not want the limitations of an off-the-shelf system that would limit our ability to fully serve customer needs and expectations.”
David Gaydon, General Manager, Avoka North America, added:
“As a leading Colorado software company, Avoka could not be more proud to now be working alongside Alpine, a leading, customer-centered Colorado bank. Alpine Bank is approaching their growth in the most innovative way possible – using proven technology to build a competitive advantage,” said . “Alpine’s expansion plan to serve all Colorado residents across the Western Slope and the Front Range alike increase their footprint in the most efficient way possible. Coloradans will be able to open accounts on their mobile phones with a regional bank that puts Colorado first.”
Founded in 2002, Avoka states it accelerates customer-centric digital transformation in financial services, government, and other industries. The company also noted that it has digitized more than 100 million transactions for over 150 global clients.