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Financial Services
Deposit and Document Processing for Financial Services
Financial service firms, broker-dealers, credit unions, annuity providers, and life insurance companies are all challenged with efficiently managing incoming depositor payments, and supporting documents across multiple payment channels.
When handled manually, these tasks are tedious and time-consuming, often leading to deposit delays, a higher risk of human error, and client dissatisfaction.
MavBridge™ centralizes your payment channels and automates the processing of deposits and documents, creating a streamlined workflow that enables organizations to efficiently handle deposits, perform payoffs, capture forms, loan origination documents, quickly post, and much more.
Mavro Solutions for Financial Services
Data Security & Regulatory Compliance
Ensure customer privacy and support regulatory compliance with automatic end to end encryption of all data. Automatic or selective redaction of check, credit card or other sensitive customer information; along with audit logs and active directory integration provide the features to protect client data and avoid the difficulties associated with a data breach.
One-Touch Processing Automation
Extract and scan intermixed clean and exception transactions without the need for presorting with One-Touch Processing, advanced recognition and Smart Batching™ technologies. The system will automatically recognize each transaction type and use Smart Batching to process each transaction appropriately in an image-based workflow.
ATM, Branch & Mobile Capture
Seamlessly integrate every location within your organization into a single, centralized workflow. Enable ATMs, branch offices and remote workers to securely scan and process checks for deposit or documents with MavBridge software’s Remote Capture and Mobile Capture modules.
Disaster Preparedness
Our cloud-ready software can be deployed wherever you require remote capture, home-keying, or other multi-site requirements to best support your business. We also offer a hosted disaster recovery solution engineered for total resilience, regulatory compliance, and seamless performance.
Lockbox Solution
For credit unions, banks, and service bureaus offering lockbox services, MavBridge is a scalable, parameter-driven solution that integrates both wholesale and retail payments. It creates an efficient workflow for processing diverse payment types and includes an easily-accessible portal to monitor daily results and download files and reports.
Digital Mailroom
MavBridge can also be implemented to modernize the traditional mailroom for a remote workforce. Significant speed, savings and security can be gained by scanning mail right at the point of entry in a digital mailroom, using Mavro software to classify and electronically route document images.
Industry Leaders Trust Mavro
Mavro’s One-Touch Processing software integrated with two OPEX Falcon+® RED™ scanners and secondary X-ray imaging to bring work in house for greater control, streamlined workflow and improved cost-efficiency.
- 30,000+ pages daily
- One-Touch Processing
- Significant ROI
SSFCU implemented a MavBridge digital mailroom solution that eliminates manual sorting and distribution of incoming mail, coordinating with 26 departments in 70+ locations across three states.
- $770K cost savings
- 70+ locations over 3 states
- 3,000+ mail pieces per day
How can financial services improve efficiency in deposit and document processing?
MavBridge allows for automation of extracting and scanning intermixed transactions without the need for presorting then processing deposits and related documents. Advanced recognition tools and Smart Batching™ technologies automatically recognize each transaction type and process each transaction appropriately in an image-based workflow. This delivers significant labor and cost savings by eliminating presorting, manual check perfing, and cumbersome keying procedures.
Branch & Mobile Capture allows remote users to use mobile phones to image checks, coupons, forms, IDs, invoices, and other documents for easy deposit processing. These solutions are scalable from one to thousands of locations and from tens to thousands of items per day.
What is the best document processing software for financial service institutions?
MavBridge is the ultimate document and deposit processing software, as it provides unparalleled efficiency and workflow automation through One-Touch Processing workflow. MavBridge addresses the full deposit and document processing lifecycle, from capture and recognition through exception handling, electronic deposit, and compliance, making it a strong fit for companies looking to modernize back-office operations.
What financial services organizations use MavBridge?
Many large financial services firms in the U.S. use Mavro’s MavBridge software to automate their deposit and document processing. Fidelity, Charles Schwab, Manulife, Lincoln Financial, Navy Federal Credit Union, Digital Credit Union, Bessemer Trust, and SSFCU are some of the institutions that have MavBridge and are processing thousands of transactions daily across deposits and digital mailroom solutions.
How does MavBridge address regulatory compliance for financial services companies?
MavBridge ensures customer privacy and supports regulatory compliance with automatic end-to-end encryption of all confidential site data, along with automatic or selective redaction of check, credit card, or other sensitive customer information, audit logs, and active directory integration. Mavro’s patented Smart Track™ document tracking software ensures all transactions are processed on time and audits all physical documents for disposition and workflow through storage and shredding activities.
