OmniCore Digital | Next-Gen Digital Banking & Fintech Solutions

Key Features of OmniCore eBank

Redefining the Future with Groundbreaking Innovation, Unparalleled Performance, and Endless Possibilities Across Every Industry

1

Advanced Digital Onboarding for Account Opening

Instant Account Opening

OmniCore eBank enables customers to open accounts online via a simple and intuitive digital onboarding process, reducing the need for in-branch visits and physical paperwork.

Seamless User Interface

The user-friendly interface ensures that customers can quickly and easily complete the account opening process from the comfort of their devices, whether via desktop, tablet, or mobile.

Real-Time Account Validation

The solution integrates with core banking systems to instantly verify customer data, ensuring accurate and complete account setup without delays.

2

Advanced Optical Character Recognition (OCR)

OCR for Document Scanning

OmniCore eBank employs advanced OCR technology to extract and validate data from various documents (e.g., National ID cards, Passports, Driving Licenses) in real-time.

Multi-Document Support

Supports a variety of identity documents including national IDs, passports, and driving licenses, making the process adaptable to a wide range of regions and customer profiles.

Real-Time Error Detection

The system detects discrepancies or missing data during the OCR scanning process, prompting customers to correct errors before submitting, ensuring complete and accurate data capture.

3

ICAO (International Civil Aviation Organization) Checks

ICAO Compliant Document Verification

OmniCore eBank performs ICAO-compliant checks on identity documents like passports, ensuring that the machine-readable zone (MRZ) data is accurately captured and validated.

MRZ Extraction

Using OCR, OmniCore eBank extracts and verifies the MRZ (Machine-Readable Zone) from passports, which includes details like the passport number, country of issue, and date of birth.

Country-Specific Validation

The solution validates the information captured against official government databases and identity verification systems, ensuring that only authentic, verified documents are accepted.

Forgery Detection

Advanced algorithms help identify signs of document tampering or fraud, ensuring the integrity of customer data and preventing fraudulent account openings.

4

Integrated KYC and AML Compliance

Automated KYC Verification

OmniCore eBank fully supports KYC verification by automating the process of identity verification, ensuring that only legitimate customers are onboarded.

Document Authentication

The system cross-references documents with trusted databases to verify that they are legitimate and not forged.

Real-Time Biometric Verification

To strengthen KYC, OmniCore eBank can integrate with facial recognition technology or biometric authentication, allowing customers to complete the onboarding process with additional verification of their identity.

AML Screening

The solution performs automated AML checks, cross-referencing customer details against global sanction lists, PEP (Politically Exposed Persons) lists, and adverse media databases to ensure compliance with anti-money laundering regulations.

Enhanced Due Diligence (EDD)

For high-risk individuals or transactions, the system triggers additional checks to ensure thorough investigation.

5

Secure Document Storage & Encryption

Encrypted Document Storage

OmniCore eBank securely stores customer documents, such as ID scans and proofs of address, using advanced encryption methods to ensure data privacy and compliance with data protection regulations like GDPR.

End-to-End Encryption

All customer data is transmitted securely using end-to-end encryption, ensuring that sensitive personal information is protected at all times during the onboarding process.

6

Seamless Integration with Core Banking Systems

Pre-Integrated Core Banking

OmniCore eBank is designed to integrate seamlessly with a wide range of core banking systems, including Flexcube, Finacle, and Temenos, enabling the quick and efficient opening of accounts.

APIs for Integration

The solution offers API-first design, ensuring smooth integration with external systems such as payment gateways, document verification services, and other third-party compliance solutions.

Real-Time Data Sync

Information collected during the onboarding process is synced in real-time with the bank’s core banking system, ensuring that the customer account is immediately ready for use.

7

Automated Workflows and Customer Journey Tracking

Customizable Workflows

OmniCore eBank allows banks to define custom workflows for the account opening process, ensuring compliance with local regulatory requirements and internal policies.

Maker-Checker Flow

Includes built-in maker-checker functionality for dual-control, ensuring that all account openings undergo a two-step validation process before activation.

Automated Status Tracking

Customers can track the progress of their application through the onboarding journey, receiving real-time updates via SMS, email, or push notifications.

Audit Trail & Reporting

The system maintains a detailed audit trail of every step of the onboarding process, ensuring transparency and facilitating easy regulatory reporting and compliance checks.

8

User-Friendly Experience

Intuitive User Interface

Designed with user experience in mind, the OmniCore eBank platform ensures customers can easily navigate through the account opening process without confusion.

Multi-Device Support

Available on web browsers, mobile apps (iOS & Android), and tablets, OmniCore eBank provides a responsive design that adapts to any device for customer convenience.

Multilingual Support

To cater to a global audience, the solution supports multiple languages, including Arabic, English, Spanish, and Hindi, ensuring accessibility for a wide range of customers.

9

Advanced Fraud Detection

Machine Learning Fraud Prevention

OmniCore eBank integrates machine learning algorithms to monitor transactions and identify potential fraud, flagging suspicious activity during the account opening process.

Cross-Check Against Global Databases

During document verification and account opening, the solution cross-references customer data against global fraud prevention databases to identify potential risks.

Real-Time Alerts

Banks are notified instantly if any fraudulent activity is detected, allowing for immediate action.

10

Regulatory Compliance and Data Privacy

Global Regulatory Compliance

OmniCore eBank adheres to global standards for digital onboarding, including KYC, AML, GDPR, and other regional or country-specific regulations.

Privacy by Design

The platform is designed with privacy at its core, ensuring customer data is handled securely and in compliance with data protection laws.

OmniCore eBank: Simplifying Digital Onboarding

OmniCore eBank transforms the digital onboarding process for financial institutions, providing a seamless, efficient, and secure experience for customers opening accounts. With advanced OCR technology, ICAO-compliant checks, real-time document validation, and integrated KYC/AML compliance, the solution significantly reduces the time and complexity involved in customer onboarding, while enhancing accuracy and security.

By automating critical aspects of account opening, such as identity verification and document authentication, OmniCore eBank offers an intuitive, fast, and compliant solution that is ready for global deployment. Whether used by traditional banks or neobanks, OmniCore eBank empowers financial institutions to offer a modern, hassle-free onboarding experience that meets the demands of today’s digital-first consumers.

With its multi-channel accessibility, biometric verification capabilities, and fraud prevention measures, OmniCore eBank ensures that financial institutions can not only enhance customer satisfaction but also ensure regulatory compliance and data security.

OmniCore eBank

OmniCore eBank Overview