Introducing Open Anywhere™ and Borrow Anywhere™
Click with new customers
Central 1® makes winning new business easier with origination solutions your customers can really click with. From easy account opening in 5 minutes to applying for loans online and on the go, Open Anywhere and Borrow Anywhere are the evolution in online banking your customers have been waiting for.
Stay with MemberDirect®
Central 1® is a credit union-owned organization that’s invested in your success. While other companies may offer account origination software, only Open Anywhere and Borrow Anywhere were built for MemberDirect, the preferred choice of more than 300 credit unions across Canada.
Our partners are your partners
Central 1® has scale, our origination solutions are proof. We’ve negotiated preferred pricing with important vendors including Equifax®, TransUnion®, PPSA Canada and other premier service providers to give you a cost advantage that simply cannot be achieved by any one financial institution alone.
Fast and easy onboarding
Account opening in 5 minutes
Introducing accounts that practically open themselves. Say goodbye to lengthy manual processes and hello to customer empowerment. Open Anywhere takes customers from first click to fully-approved, funded, and functioning accounts in as little as 5. That’s minutes; not days.
Give customers the choice of how, where and when to apply. Applications can be started at home, continued at the office and finished in-branch. Start on one channel, finish on another – only Open Anywhere can do that.
DIY account opening
Account opening is so simple customers will want to do it themselves. From entering their own data, and verifying their identity via TransUnion®, to funding their own accounts, Open Anywhere is faster and easier for everyone.
Grow share-of-wallet and share of customers
Business growth is no longer limited to opening hours, not when you can reach customers 24/7 with offers that are specifically created for them. Adobe Analytics is built in to help you do just that and more. Make Open Anywhere your ultimate customer acquisition and retention tool.
Integrated into tomorrow
We designed Open Anywhere to work with most major banking systems and MemberDirect®. Data integrity ensures that information your customers enter today will work seamlessly with tomorrow’s upgrades. Provincial and federal government requirements are always fulfilled.
Say goodbye to manual processes
Open Anywhere is an efficiency demon. When customers enter their own data and approvals happen automatically, staff saves time. Big time. And frees them up to serve customers in more meaningful ways. The customer experience? Even better.
DIY paperless lending
Ready. Set. Go.
Borrow Anywhere is a fast and easy online lending solution your customers will love. Customers enter data, verify their identity via TransUnion®, and find out fast if they’re pre-approved. Then they e-sign on the dotted line. Borrow Anywhere helps you compete with the Big Five and alternate lenders like never before.
Borrow Anywhere lets customers apply for loans online, 24/7, from wherever they are using their preferred device. They can start their application on their desktop, continue on the go with their smartphone, and finish at the branch, or complete it entirely online. It’s their choice.
Build a better loan portfolio
If you think Open Anywhere is a good way to build your business, wait until you see what Borrow AnywhereTM can do. Set your own risk models and pricing strategies as well as offer customers the right products at the right time. Deals get done fast and share-of-wallet grows and grows.
Integrated in every way
Not only does Borrow Anywhere offer seamless integration with MemberDirect®, core banking systems, and leading service providers like credit bureaus, creditor insurers, and securities registration, but It also integrates with Open Anywhere, Borrow Anywhere’s partner in fast and easy account origination.
Instead of staff being bogged down in data entry, credit bureaus, title searches, and signature gathering, Borrow Anywhere automates it all, every step of the way. It gathers signatures electronically, stores documentation digitally, and upgrades easily—ensuring full compliance with federal and provincial regulators.
Compete with big banks and alt lenders
Borrow Anywhere is as good as any digital lending offering from the Big Banks. Compete effectively and offer customers in a hurry for cash a better way than going with alternate lenders. Now remote customers never have to come into branch to apply for loans.
Built for MemberDirect®
Pre-defined data fields ensure back-end data is consistent, easy to filter, and works with future innovations. It also meets regulatory compliance.
Auto-decisioning lets you set the parameters for risk-based pricing and removes the need for manual review and approval by staff.
Auto-verification happens as customers self-identify identify and validate their 3-year history with TransUnion® Enhanced Bureau Verification System ID.
As an additional fraud deterrent, customers pass a series of online challenges based on their credit bureau with TransUnion® Authentication.
Funding can be done by customers with Deposit Anywhere™ or Interac e-Transfer®. Mortgages and LOS loans are funded within minutes of approval.
E-signatures allow for a safe, secure, and easy way for customers to complete transactions anywhere, anytime, and on any device.
Credit bureau checks, debit card creation, online banking registration and customer documentation. All origination tasks happen within one unified interface.
Measure, personalize and optimize marketing campaigns and digital experiences with Adobe Analytics.
Consistent data, electronic customer consent and ID verification all ensure full compliance with applicable federal and provincial regulation.
Powered by ClickSWITCH™, Switch Concierge is a fast, easy and secure way for customers to transfer funds from other institutions and make your credit union their primary financial institution.
(Open Anywhere only)
Credit unions can configure Borrow Anywhere to work with different products, risk levels and pricing strategies to help build a better loan portfolio.
(Borrow Anywhere only)