Category Archives: Wealth Management

FinCEN and CDD: What Banks Need to Know About the New Rule


In 2016, FinCEN released a new Customer Due Diligence (CDD) rule, with specific rules on Beneficial Owners, and required financial institutions to comply by May 11, 2018. We’ve created the guide below to help you understand the requirements for your organization. What is FinCEN? FinCEN stands for the Financial Crimes Enforcement Network....

Top 4 Bank Account Opening Trends of 2018


For the past 3 years, we’ve been surveying banks across the world to understand the challenges they face with moving their account opening processes online. As a result, this survey has become the leading benchmark for bank digital transformation across the United States, Europe, and Australia and continues to help...

2017 Awards & Recognition


The banking industry continues to become more digital and more personal, and Avoka is leading the effort to enable better customer acquisition and onboarding experiences. We are proud our work has been widely recognized, as evidenced by the numerous awards we’ve won over the past year recognizing our market ...

How to Leverage Banking Analytics to Reduce Abandonment and Increase Customer Acquisition


At FinovateEurope 2017 last month, we showed a demonstration of how Avoka Transact allows banks to leverage bank customer data in order to reduce abandonment and increase customer acquisition. Based on our own customer data, we’ve seen banks increase digital loan approvals by over 40% with Avoka Transact. You can...

Avoka Wins at the 2017 Fintech Business Awards


We are excited to share that Avoka was recognized at The Fintech Business Awards in Sydney on Friday 24 February, as the winner of the Software Services Innovator of the Year category.The inaugural Fintech Business Awards recognize outstanding innovation and entrepreneurship in the Australian fintech sector.“Over 300 nominations were received...

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