The goal of digital transformation in banking includes improving efficiencies, driving loyalty and engagement from customers and members through a streamlined user experience, and ultimately delivering a competitive advantage to the bank or credit union.
A disclosure is a document that makes information known. In the banking industry, it’s a statement provided by a financial institution—to either a consumer or commercial customer—that outlines all pertinent information.
Document collection software is used by financial institutions to electronically collect documents from customers.
Document imaging software organizes, stores, and retrieves documents. The data managed by a document imaging system could reside on an in-house or cloud-based server.
A document imaging technician ensures the timely and accurate scanning and indexing of paperwork into the organization’s document management software.
Document indexing involves saving information in a consistent and logical fashion.