NEW YORK –– Gro Solutions, a provider of digital growth solutions, announced that its Gro Account Opening now leverages the wireless carriers themselves to populate a prospects’ data during the mobile onboarding process.
Gro Account Opening’s multilayered approach utilizes the best of the mobile world to limit manual text input and onboard the digital native easier and in less time, the company said. In addition to leveraging the smartphone camera to pull data from a prospect’s driver’s license, Gro Account Opening can also pull information from a prospect’s wireless carrier. Relying on multiple sources to capture data ensures financial institutions have all of the necessary, up-to-date information they need to process the application, it added.
“Imaging has its own inherent friction. For instance, the applicant needs to have good lighting, a steady hand and also the document itself. Gro Solutions sees imaging a driver’s license as simply part of its multi-layered approach to solving the mobile account opening problem, not the only solution,” the company said. “Gro Account Opening places a direct call to the carriers themselves, proper authentication is performed and then disclosures are presented to the applicant so he or she can decide whether to authorize the carrier as a data source. If not, Gro Account Opening has other layers of information gathering that are working simultaneously to gather as much data as possible.”