Avoka Exchange Launched to Extend Digital Customer Acquisition Platform

The catalog of pre-integrated fintech application is designed to make it faster and simpler for insurers to acquire customers over digital channels, without initiating complex technical integrations.

(Image source: Adobe Stock.)

Avoka (Broomfield, Colo./Sydney), a provider of digital customer acquisition solutions, has announced the launch of Avoka Exchange, which the vendor a describes as a catalog of pre-integrated fintech applications to extend the power of its core product, Avoka Transact.

Derek Corcoran, Chief Experience Officer, Avoka.

Derek Corcoran, Chief Experience Officer, Avoka.

“We’re accelerating digital transformation for financial institutions,” comments Derek Corcoran, Chief Experience Officer, Avoka. “Using Avoka Transact and the pre-integrated Exchange partners, a bank can deliver an account opening or loan origination experience with mobile imaging, identity verification and eSignatures in weeks, not months or years.”

The vendor describes its core product Avoka Transact as a digital business platform for organizations building competitive advantage around mobile and digital customer acquisition. Several key partners in Avoka Exchange include: Mitek Systems, Envestnet | Yodlee, LexisNexis Risk Solutions, eSignLive by Vasco, and ChexSystems QualiFile, whose services have been integrated into customer transactions delivered by Avoka.

“Mitek is proud to continue working with Avoka to create outstanding user experience by integrating our Mobile Fill and Mobile Verify solutions into customer transaction,” comments  Sarah Clark, general manager, Identity Solutions, Mitek. “We’re honored to join Avoka Exchange and continue delivering customer acquisition tools that reduce application abandonment and mitigate the risk of fraud.”

Faster and Simpler

With over 30 applications focused on the account opening experience, Avoka Exchange makes it faster and simpler for insurers and other financial services firms to acquire customers over digital channels, without having to initiate complex technical integrations with services like identity validation and electronic signature, the vendor claims. Exchange is designed to maintain continuity with existing processes, reducing disruption in digital transformation, according to Avoka.

“Avoka Exchange brings together best-in-class services for digital account openings, empowering our customers with the technologies they want, tied together seamlessly,” adds Corcoran.

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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