Term Deposits

Our solution enabled Fairstone Bank of Canada to:

1. Capitalize on third-party broker networks
2. Grow the corpus of nominee deposits from ~ $120 million to $2 billion+ in less than three years.

Accelerates deposit management by

• Supporting preferred rates for high net worth individuals
• Streamlining agent and sub-agent transaction processing
• Facilitating personalized offerings
• Automating end-to-end workflow
• Providing an audit trail

Ensures reliability through

• Error codes for data accuracy
• Secure FTP protocol for data sharing
• Detailed time-stamping for data validation
• Document management for regulatory compliance
• User and group-based controls for secure access

Boosts productivity by using the Customer Information File (CIF) to

• Gain a consolidated view of holdings, including mortgages, registered
• Plans, lines of credit, and retail banking accounts
• Manage the client relationship
• Respond to customer queries
• Cross-sell relevant products

Grows the sales network by simplifying

• Creation and maintenance of agent profiles
• Customization of agent commission
• Agent-specific reporting spanning commission, sales, territory, etc

Mitigates risks by restricting access to

• Enter data
• Print reports
• Query records
• Execute transactions