Apiture, a digital banking provider for over 300 community and regional financial institutions, sought to simplify online account openings to better compete with larger banks. Partnering with MX, it implemented Instant Account Verifications, allowing consumers to connect external accounts and fund new ones in under 5 seconds through secure OAuth connections. This eliminated slow, error-prone microdeposits and reduced fraud risks. The streamlined process boosted account openings and deposits, with one institution seeing a 121% increase in deposits within four months, while 45% of verification requests now use more secure OAuth connections.

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