December 28, 2014 5:13 AM ET

Internet Software and Services

Company Overview of Andera, Inc.

Company Overview

Andera, Inc., a Software-as-a-Service company, operates an online and mobile account opening and loan application platform. The company’s oFlows platform simplifies the way banks and credit unions open accounts and generate loan applications online out in the community, in branches, and over the phone. Its platform facilitates applicants to open retail checking, savings, money market, and CD accounts in real-time using devices, such as smartphones, tablets, and Macs/PCs; and lets them cross sell loans or additional deposit products. The company was founded in 2000 and is based in Providence, Rhode Island with additional offices in San Francisco, California; and New York, New York. As of Apri...

15 Park Row West

Suite 200

Providence, RI 02903

United States

Founded in 2000

Phone:

401-621-7900

Fax:

401-751-4534

Key Executives for Andera, Inc.

Chief Financial Officer
Senior Vice President of Client Services
Senior Vice President of Product Management
Vice President of Account Management
Compensation as of Fiscal Year 2014.

Andera, Inc. Key Developments

First Trade Union Bank and Andera Launches Photo Data Capture Enhancement to Improve the Mobile Account Opening Process

First Trade Union Bank and Andera launched photo data capture enhancement to improve the mobile account opening process. Consumers applying for a new First Trade bank account using their smartphones or tablets can now capture the barcode on a Driver's License with their mobile device's camera and cut required data entry in half by pre-filling personal information fields. Andera is one of the first to offer this type of data pre-filling service in the banking industry, and First Trade is the first Andera client to roll out this unique feature. First Trade's online application system, powered by Andera, is already optimized for access across all screen sizes and devices. It allows applicants to provide photos of supporting documents and offers eSignature and electronic account funding functionality - all of which make for a highly convenient, paperless experience. This new photo data capture enhancement makes it easier than ever to complete an account application on a mobile device. This latest enhancement aligns with the growing preference for digital banking, as consumers become more comfortable using mobile devices for banking purposes, from checking balances and depositing checks to now applying for new accounts.

Boeing Helicopters Credit Union Chooses Andera, Inc.'s oFlows for Online Account Opening

Andera, Inc. announced that Boeing Helicopters Credit Union has upgraded to oFlows of the company, the first totally paperless platform for online account opening.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 31, 2014
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