Providence, RI (MMD Newswire) January 3, 2013 -- Andera, a financial software company that simplifies account opening and lending for banks and credit unions, announced that Boeing Helicopters Credit Union has upgraded to oFlows, the first totally paperless platform for online account opening.
Founded in 1952 and located in Ridley Park, Pennsylvania, Boeing Helicopters Credit Union serves more than 8,100 members throughout the United States and has approximately $125 million in assets. Following a change to its Articles of Incorporation that paved the way for further expansion, it recently began offering credit union products and services to the 1,800 employees of Harrah's Casino and Race Track in Philadelphia.
"We chose Andera because of its adaptability and underlying authentication capabilities," said CEO Phil Travaglini, who also pointed out that mobile banking would be coming soon for members as well. "It is just what we were looking for so that we are able to provide online account openings. The capabilities of oFlows transform a website into a branch location," he added.
Andera CEO Charlie Kroll remarked, "Consumers want to begin their banking and credit union relationships with the same ease and convenience that they experience when buying goods and services in stores and on line. Technology makes that possible. It bridges the gap between these consumers' expectations and financial institutions' ability to meet those expectations."
"In moving to oFlows, Boeing Helicopters Credit Union is making it easy for members to conduct their banking business from wherever they happen to be and at any time of day or night."
Andera pioneered online account opening in 2004 and now offers a multichannel platform to over 550 bank and credit union customers. Andera's oFlows platform radically simplifies account opening and lending in branches, online, out in the field, and over the phone. The oFlows platform is a four-time winner of the "Best in Show" award at Finovate.
Recently cited as "One of the Top Ten Tech Companies to Watch" by American Banker, Andera is privately held, headquartered in Providence, and has offices in San Francisco and New York. For more information, visit www.andera.com or register for an upcoming webinar.
Tom Burke, Graber Associates