oFlows Inc., a San Francisco-based provider of paperless origination solutions for credit unions and banks, has been sold to online account opening pioneer Andera Inc. of Providence, R.I.
Money is flowing out of banks and into credit unions, especially from Bank of America and especially into bigger credit unions.
"Switch kits" get a workout as disaffected bank customers move on in, many from Bank of America.
Online account opening pioneer Andera Inc. of Providence, R.I., has purchased oFlows Inc., a San Francisco-based provider of paperless origination solutions.
A hosted account opening antifraud solution has been added to the customer acquisition products offered by Andera Inc.
Online account opener says software detects fraudulent accounts before they're opened.
Arizona State Credit Union said it is now the first statewide credit union in Arizona to offer online account opening.
Online account opening-the first from a statewide credit union in Arizona-is the latest offering from $1.3 billion Arizona State Credit Union.