Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
ACH (Automated Clearing House) is an electronic payment network that enables banks, credit unions, businesses, and consumers to securely send and receive funds between accounts for transactions such as direct deposit, bill payments, recurring payments, and account transfers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
Agentic AI refers to artificial intelligence systems that can autonomously plan, reason, make decisions, and take action to achieve specific goals with limited human intervention.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

ECM API

The acronym “API” is short for “application programming interface,” which is technology that standardizes and simplifies the connection of software applications. An “ECM API” is a type of API used to streamline the exchange of information to and from an enterprise content management system. By strategically leveraging an ECM API, banks and credit unions can reduce technical complexity and improve operational efficiency.

ECM API Use Cases in Banking

Financial institutions can utilize ECM APIs to support any number of use cases across the organization. Possible examples include:

  • Enhancing the Digital Banking Experience: Connecting digital banking to an institution’s ECM opens up information sharing opportunities while maintaining control over the end user’s experience.
  • Accelerating Access for Tellers: Jumping between multiple systems slows down front-line staff and negatively impacts the customer or member experience. Surfacing signature cards, deposit documents, and other records directly in the teller’s core screen expedites research and reduces wait time for account holders.
  • Automatically Updating ECM Data: Core banking systems house essential data about customers, members, loans, accounts, and transactions. Pushing relevant core data to the ECM via API ensures timely updates and information reliability.

Benefits of Using an ECM API

Connecting software applications via a secure solution like the FASTdocs API unlocks a variety of benefits for banks and credit unions, such as:

  • Self-service for knowledge workers, who no longer need to manually log into as many systems.
  • Enhanced experiences for account holders, who enjoy on-demand digital access to documentation instead of having to visit their local branch.
  • Faster development cycles for IT teams, who can respond sooner to internal integration requests without starting from scratch.
  • Improved alignment with the institution’s information strategy, which ultimately means more innovation and less technical debt.

Contact Alogent to learn about the FASTdocs API or browse additional banking definitions.

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