In 2003, Check 21 made images of checks the legal equivalent of paper checks, but technology hasn’t kept up. Today most financial institutions maintain siloed platforms to support each deposit channel, resulting in system complexity, lack of data transparency, incremental costs, and added exposure to fraud.
Friction caused by fraud and aging check processing solutions
Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
First published on 11/12/2023