Integrating Encompass by ICE Mortgage Technology to complementary platforms via Glyue™

Build the most comprehensive lending experience by integrating Encompass® by ICE Mortgage Technology® to complementary platforms via Glyue™, powered by Sandbox Banking.

Encompass is an industry leading consumer mortgage application
and underwriting platform. Sandbox Banking’s iPaaS, Glyue™, helps
banks and credit unions maximize the capabilities of the platform and
optimize your operational efficiency from application to release of
completed mortgages.
 
To read the full use case, fill out the form to the right.
Group 930

Sandbox Banking Partners with Plaid to Strengthen Identity Verification and Elevate Banking Solutions

Sandbox Banking Partners with Plaid to Strengthen Identity Verification and Elevate Banking Solutions

Cambridge MASandbox Banking, a trailblazing provider of banking automation solutions that accelerate digital transformation through their Integration Platform as a Service (IPaaS), Glyue™, and Plaid, a data network powering the digital financial ecosystem, have announced a partnership that strengthens automated identity verification, addressing key challenges in the financial industry.

Sandbox Banking’s consumer-centric innovation is at the forefront of the digital banking experience. The collaboration focuses on integrating proprietary Customer360 module and customer experience workflows from GlyueTM with Plaid’s cutting-edge Verification solution. Using Plaid’s product, Sandbox Banking provides financial institutions with a comprehensive suite of tools to enhance customer or member engagement, mitigate risks, and fortify account security as banks and credit unions invest in digital banking and transformation strategies.

“Our collaboration marks a pivotal moment in the evolution of financial technology, uniting two industry leaders to drive innovation, elevate end user experiences, and reinforce security measures,” expressed Kelsey Saia, VP of Partnerships at Sandbox Banking. “Bolstering the era of digital transformation in banking, this partnership is shaping a tech experience that is not only secure and efficient but also aligned with the dynamic needs of modern account holders and institutions alike.”

A key highlight of this collaboration is the integration of Plaid’s advanced Identity Verification capabilities with Sandbox Banking’s proprietary Customer Experience workflows. By combining strengths, financial institutions can create a comprehensive and secure ecosystem that integrates the Virtual Call Center, IVA (intelligent virtual assistant), IVR (interactive voice response) with the core banking software. Account holders experience a more secure and efficient authentication journey, contributing to enhanced customer or member trust and data security.

The partnership focuses on Sandbox Banking’s exclusive Customer360 module with Plaid Identity Verification. Customer360 seamlessly integrates customer data across platforms, ensuring real-time updates while Plaid Identity Verification strengthens onboarding processes, preventing identity theft and ensuring secure account creation. Other opportunities that will be forthcoming from the partnership include:

  • Data syncing for enhanced risk detection
  • Ongoing monitoring and fraud prevention
  • Seamless account verification in real-time
“With consumers increasingly turning to digital solutions to manage their finances, it is critical that financial institutions are properly equipped to protect and maintain their customers”, said Tamara Romanek, Head of Partnerships at Plaid. “Partners like Sandbox Banking offer accessible innovation for financial institutions, which is a key element of impending open banking regulation. “
 
By combining Plaid’s cutting-edge identity verification technology with Sandbox Banking’s forward-thinking banking solutions, the collaboration aims to elevate the standard of security, efficiency, and user experience in the financial services industry. Financial institutions leveraging this collaboration will benefit from a unified, customer-centric approach, setting new standards in the evolving financial services ecosystem.
 

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About Sandbox Banking
 

Sandbox Banking is a digital transformation partner that helps unlock revenue via Glyue™, our groundbreaking Integration Platform as a Service (iPaaS). Glyue™ is used by North American banks and credit unions ranging from $500M to $200B+ in size, and provides connectors from the 14+ of the most popular core banking platforms to more than 50 lending, deposit, KYC/AML, data, cards, underwriting, mobile banking, and analytics solutions from the world’s best providers. Sandbox Banking’s investors include Horizon Ventures, Tuesday Capital, Forum Ventures, SixThirty & YCombinator. To learn more, visit https://sandboxbanking.com.

For media inquiries, please contact:

Michele Yurcich
Director of Marketing
michele.y@sandboxbanking.com
Group 899

Integrating Integration Platform as a Service (iPaaS) into Wealth Management: A Path to New Revenue Streams with a Human Touch

Integrating Integration Platform as a Service (iPaaS) into Wealth Management: A Path to New Revenue Streams with a Human Touch

In the realm of wealth management, where financial decisions carry significant personal weight, the human touch has always been paramount. While technology has brought about remarkable advancements in the financial sector, it has its limitations, especially in understanding the nuances of individual circumstances and preferences. However, there exists a symbiotic relationship between technology and human expertise, one that can be further enhanced through an Integration Platform as a Service (iPaaS).

In recent times, economic complexities have compounded the challenges faced by wealth management clients. According to a 2023 global survey by EY, a substantial portion of clients expressed feeling overwhelmed by the management of their finances, attributing it largely to increased market volatility. This underscores the need for a comprehensive approach that not only leverages technology but also acknowledges the human aspect of financial decision-making.

Community bank wealth management advisors recognize the indispensable role of technology in shaping clients’ financial wellness roadmaps. iPaaS, as a flexible integration solution, can seamlessly connect disparate systems and applications, enabling a holistic view of clients’ financial landscapes. By leveraging iPaaS, banks can aggregate data from various sources, offering advisors deeper insights into clients’ financial behaviors and needs.

The primary advantage of iPaaS lies in its ability to enhance the efficiency and accuracy of wealth management processes. Through automated data integration and analysis, advisors can generate personalized recommendations tailored to each client’s unique circumstances. iPaaS facilitates the seamless flow of information, allowing advisors to stay abreast of clients’ evolving financial situations and proactively address their needs.

Moreover, iPaaS empowers wealth management firms to offer innovative services that go beyond traditional investment advice. By integrating external data sources such as market trends, economic indicators, and demographic information, banks can deliver predictive analytics and scenario modeling tools to help clients make informed decisions.

However, the true value of iPaaS in wealth management lies in its capacity to augment, rather than replace, the human touch. While technology can provide valuable insights, it often lacks the ability to interpret subtle cues and nuances that arise during client interactions. Human advisors bring emotional intelligence and empathy to the table, allowing them to build trust and rapport with clients.

In practice, iPaaS serves as a force multiplier for wealth management advisors, enabling them to focus on what they do best—understanding and addressing clients’ individual needs. By automating routine tasks and streamlining data management processes, iPaaS frees up advisors’ time to engage in meaningful conversations with clients, where they can delve into their goals, concerns, and aspirations.

Furthermore, iPaaS facilitates collaboration and knowledge sharing within wealth management teams, enabling advisors to tap into collective expertise and insights. Through centralized data management and real-time collaboration tools, banks can foster a culture of innovation and continuous learning, ensuring that advisors are equipped to deliver value-added services to clients.

From a business perspective, integrating iPaaS into wealth management operations presents a compelling opportunity for banks to unlock new revenue streams. By offering differentiated services powered by advanced analytics and predictive modeling, banks can attract high-net-worth clients seeking personalized financial advice.

Moreover, iPaaS enables banks to scale their wealth management offerings efficiently, catering to a broader client base without significantly increasing operational costs. With the ability to adapt quickly to changing market dynamics and client preferences, banks can stay ahead of the competition and drive sustainable growth in their wealth management business.

In conclusion, Integration Platform as a Service (iPaaS) holds immense potential for revolutionizing wealth management operations and driving business growth. By seamlessly integrating technology with human expertise, banks can deliver personalized financial solutions that meet the evolving needs of their clients. As community bank wealth management advisors embrace iPaaS, they position themselves as trusted partners in their clients’ financial journey, fostering long-term relationships built on trust, transparency, and mutual success.

Group 900

Sandbox Banking identified as a “Company to Watch in BaaS” by Raymond James

Sandbox Banking identified as a “Company to Watch in BaaS” by Raymond James

The burgeoning realm of Banking-as-a-Service (BaaS) is undergoing a significant transformation, spurred by a confluence of factors including heightened demand, regulatory shifts, and technological advancements.
 
Raymond James, in their latest report “At the Forefront for Banking-as-a-Service (BaaS),” has singled out Sandbox Banking as a noteworthy contender to watch within this evolving landscape.
 
The surge in digital banking, propelled further by the exigencies of the COVID-19 pandemic, has propelled the adoption of BaaS platforms across diverse industries, enabling businesses to augment their financial service offerings and diversify revenue streams. Regulatory reforms have also played a pivotal role, easing barriers for non-banks to enter the market and catalyzing the emergence of innovative BaaS solutions.
 
As this sector continues to evolve, traditional banking paradigms are being upended, with BaaS heralding faster, more convenient, and increasingly personalized banking experiences for both businesses and consumers. In this dynamic environment, adaptation and innovation are imperative for incumbents and newcomers alike to remain competitive and relevant.
 
fintech-meetup

FIS Emerald

May 20 – 23, 2024

FIS EMERALD – Orlando, FL

FIS EMERALD IS BACK IN ORLANDO FOR 2024!

Mark your calendars now! From May 20-23, 2024, FIS Emerald will be taking over the Gaylord Palms Resort and Convention Center and Orlando World Center Marriott Hotel in Kissimmee, Florida. You can’t afford to miss this chance to learn from industry leaders, connect with peers, and discover cutting-edge solutions that’ll help you stay ahead in the ever-evolving fintech landscape. With more than 3,000 attendees expected, it’s the networking opportunity of the year for our Banking Solutions clients!

With a focus on transformative topics such as AI and Machine Learning, APIs, ‘As a Service’ Solutions, Automation, Blockchain and DLT, Cloud Technology, Customer Experience, Cybersecurity, Data Management and Analytics, Digital Assets, Digitalization, Embedded Finance, ESG Initiatives, Fraud Detection, Revenue Growth, Lending, Liquidity Management, Money Movement, Operations, Payments, and Platforms, FIS Emerald is structured around five key themes — Run, Grow, Protect, Integrate, and Optimize your business. These themes will be interwoven throughout our dynamic sessions and the comprehensive Solutions Expo.

Learn more and register for FIS EMERALD

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Want to meet with us at this show? Provide your info and we’ll reach out to set up time.

fintech-meetup

NCINO NSIGHT 2024

May 14 – 16, 2024

ncino nSight 2024 – Charlotte, NC

Stay Ahead of the Curve

nSight is the global financial services industry’s must-attend event where over 1,700 professionals gather to network, learn best practices, and explore the latest industry trends and innovations.

Learn more and register for ncino nSight 2024

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Group 901

Connecting Business Data and Systems: The Power of iPaaS

Connecting Business Data and Systems: The Power of iPaaS

In today’s fast-paced business landscape, efficiency is paramount. Companies rely on an array of software systems to streamline operations, manage data, and engage with customers. However, the challenge arises when these systems don’t seamlessly communicate with each other. Enter Integration Platform as a Service (iPaaS) – the ultimate solution to bridge the gap between disparate software applications.

What exactly does iPaaS do, and how does it revolutionize business operations?

Understanding iPaaS

Imagine a scenario where different departments within a company use various software tools tailored to their specific needs. The sales team might utilize a customer relationship management (CRM) system, while the lending department relies on an loan origination system (LOS) software. While each system serves its purpose effectively within its domain, the real magic happens when they can exchange data seamlessly.

This is where iPaaS steps in. Think of it as a digital translator, facilitating communication between different software applications. iPaaS allows businesses to connect their systems, enabling data flow and process automation across various platforms. By acting as a middleware layer, iPaaS eliminates the need for manual data entry and reduces the risk of errors associated with manual integration efforts, or incorrect data flows from system-to-system.

The Role of iPaaS in Business

  1. Efficient Data Integration: iPaaS simplifies the process of integrating data from disparate sources. Whether it’s synchronizing customer information between CRM and marketing automation platforms or consolidating financial data from multiple sources into a unified dashboard, iPaaS ensures data consistency and accuracy across the board.
  2. Streamlined Workflows: With iPaaS, businesses can automate workflows by orchestrating tasks and actions across different applications. For instance, you can align loan origination and deposit applications data from LOS and DAO system into the core to create and update objects and fields in a CRM.
  3. Scalability and Flexibility: As businesses grow and evolve, their software needs may change. iPaaS offers scalability and flexibility, allowing companies to adapt to new technologies and integrate additional applications seamlessly. Whether it’s incorporating new cloud-based solutions or connecting legacy systems with modern applications, iPaaS provides the agility to stay ahead in a dynamic business environment.
  4. Enhanced Customer Experience: In today’s digital age, delivering a seamless customer experience is non-negotiable. iPaaS plays a crucial role in ensuring that customer data is readily available across all touchpoints, enabling personalized interactions and timely responses to customer inquiries. By breaking down data silos and enabling real-time insights, iPaaS empowers businesses to deliver superior customer service and drive customer satisfaction.

Conclusion

Integration Platform as a Service (iPaaS) is more than just a technical solution – it’s a catalyst for business transformation. By facilitating seamless communication between disparate software applications, iPaaS empowers organizations to streamline workflows, enhance productivity, and deliver exceptional customer experiences. As businesses continue to embrace digital innovation, iPaaS emerges as a fundamental enabler, driving operational efficiency and unlocking new opportunities for growth. Embracing iPaaS is not just about integrating systems; it’s about embracing a future where connectivity and collaboration drive success in the digital age.

Sandbox Banking is one of the only iPaaS providers that works exclusively in fintech with banks and credit unions. Our groundbreaking Integration Platform as a Service (iPaaS) offering has pre-built integrations with 14+ of the most popular banking cores from FISFiservJack HenryCOCC and more, and over 50 top tier fintech platforms including nCino, Inc.Five9SalesforceMeridianLink, and Plaid to name a few.

Watch this brief video, and schedule a demo to understand how we can simplify and streamline your business.

Automate downstream processing in DocuSign

Automate downstream processing in Docusign with Glyue™, powered by Sandbox Banking.
 
Capturing data and signatures from outbound envelopes via core banking systems, Loan Origination System (LOS), or Customer Relationship Management (CRM) systems can be cumbersome. Glyue™ automates downstream processes upon completion of the document in Docusign with efficient and defined automated workflows that simplify processes and ensure proper data transfers.
 
To read the full use case, fill out the form to the right.

Sync LOS and DAO data into Salesforce with Customer360

Sync LOS and DAO data into Salesforce with Customer360, a exclusive and flexible tool developed by Sandbox Banking engineers.

Fully integrating financial technology with Salesforce is key to efficiency for banks and credit unions. With Customer360, an exclusive program developed by Sandbox Banking engineers, live data from Loan Origination Systems (LOS) Deposit Account Opening (DAO) systems and others can be synced with Salesforce for operational excellence.

To read the full use case, fill out the form to the right.

Sync live data from core with Customer360

Sync live data on demand from your core to Salesforce with Customer360, a custom tool developed by Sandbox Banking engineers.

Fully integrating a core banking system with Salesforce is a vital step in improving the technological capabilities of any bank or credit union. Using Customer360, an exclusive program developed by Sandbox Banking engineers, live data from the core can be synced with Salesforce on demand or in real-time.

To read the full use case, fill out the form to the right.