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Automated Wire Approvals
Simplify your wire approval process with FINBOA. Identify risks and eliminate exceptions in the wire department.
CHALLENGES
Is your wire approval process slow, error-prone and lacking visibility?
- Paper-based processes are not secure, don't do a good job of stopping fraud and reducing risk in real-time
- Keying/re-keying slows the process and creates room for error
- Are you unsure of the intentions of the originator and using poor verification processes
- Are you taking unnecessary bank losses when the money is gone
- Struggling with a lack of visibility and controls over the end to end process
- Poor customer experience at what can be critical life events for the customer (purchasing a property, funding a major project).
Streamline approvals
Eliminate errors
Faster fraud identification
Increased compliance
FINBOA Wire Analytics, Decisioning and Automation Solution
Replace your paper-based wire approval process with a digital, automated process. Eliminate the complexity of processing wires in your branch, call centers and back-office.
Deliver a great customer experience with timely access to or movement of funds.
Protect your institution with clear originator/recipient verification, OFAC scanning, BSA compliance.
Automate and streamline approvals and GL updates. Simplify compliance verification through detailed logging.
Improve exception management and audits.
Streamlined communications with customers and staff
Integrated risk management
Eliminate exceptions
End-to-end integrated workflow
Centralized management simplifies reviews
Real-time balance verification
Real-time funds transfer
High volume automation through FedLine integration
FINBOA Reg E Dispute Tracking Platform
Seamless Integration
Digital wire forms facilitate self-service.
Real-time funds verification.
Real-time funds transfer.
SSO integration with online banking.
Basic
Up to 100 Wires Per Month
- Unlimited Users
- Single Sign On with Azure AD
- Workflow Dashboard
- Centralized Management
- Inbound Wire Verification
- OFAC Scanning
- BSA Compliance
- Dual Approval Support
- Manage Exceptions (Sanctions Screening, Insufficient Funds)
- Wire System Integration
- Pre-Configured Workflows
- Customer Self Service
- Confirm ID Verification
- Funds Verification
- Approval
- Initiate Wire
- eSignature
- Audit Log
- Document Repository
Price does not include a one-time setup cost.
Professional
Up to 250 Wires Per Month
- Unlimited Users
- Single Sign On with Azure AD
- Workflow Dashboard
- Centralized Management
- Inbound Wire Verification
- OFAC Scanning
- BSA Compliance
- Dual Approval Support
- Manage Exceptions (Sanctions Screening, Insufficient Funds)
- Wire System Integration
- Pre-Configured Workflows
- Customer Self Service
- Confirm ID Verification
- Funds Verification
- Approval
- Initiate Wire
- eSignature
- Audit Log
- Document Repository
Price does not include a one-time setup cost.
Enterprise
250+ Wires Per Month
- Unlimited Users
- Single Sign On with Azure AD
- Workflow Dashboard
- Centralized Management
- Inbound Wire Verification
- OFAC Scanning
- BSA Compliance
- Dual Approval Support
- Manage Exceptions (Sanctions Screening, Insufficient Funds)
- Wire System Integration
- Pre-Configured Workflows
- Customer Self Service
- Confirm ID Verification
- Funds Verification
- Approval
- Initiate Wire
- eSignature
- Audit Log
- Document Repository
Price does not include a one-time setup cost.
Request a demo
I'm ready to automate my Wire Workflows.
Schedule a no-obligation personalized demo with a member of the FINBOA team.
