Case Study: Fintech Company's Account Opening Solution Powered by Quik! API

Overview

A leading fintech company became a Quik! resale partner and developed a new account opening solution that integrates Quik! API's to enhance their workflows where forms are required. This partnership has allowed the fintech company to offer a robust solution to over 200 financial services firms, streamlining their account opening processes and contributing to environmental sustainability.

Challenge

The fintech company aimed to provide a comprehensive solution that could handle the complexity of selecting, validating, and prefilling the correct forms for various account types. They needed to ensure that the solution could integrate seamlessly with transactional systems and third-party APIs, all while managing a high volume of forms generated annually.

Solution

The solution developed by the fintech company utilizes Quik! API's to allow users to accurately pick and validate the necessary forms for different account types. The capability to prefill forms, deliver the forms for e-signature and share data with other systems has significantly improved the efficiency of the account opening process for customers.

Results

• Extensive Reach: The platform is used by over 200 financial services firms.

• High Volume Processing: The solution generates over 3 million forms per year.

• Environmental Contribution: Quik! plants over 2,250 trees annually on behalf of the fintech company, correlating with the number of pages generated by their users.

• Expanded Field Definition: Quik! supported the expansion of the Quik! Field Definition from 90,000 fields to over 1.2 million to meet the fintech company's needs over the course of working together over many years.

• Significant Growth: Since the integration with Quik!, the fintech company has achieved significant multiples of growth and attracted top-tier customers in the wealth management industry.

Deep Integration and Quik!'s Support

Quik! has played a crucial role in the fintech company's success by supporting a deep integration that required a significant expansion of the Quik! Field Definition. This support has been instrumental in the fintech company's ability to scale their solution and grow their business with new product offerings.

Partner Testimonial

"Integrating Quik! into our solution has been a game-changer. It has enabled us to deliver superior products at a pace we couldn't have achieved on our own. The extensive forms library from Quik! has been central to our success, allowing us to provide unparalleled value to our clients. Our growth trajectory is a testament to the power and flexibility of Quik!'s APIs." - CEO, Fintech Company

Statement from Rich Walker, CEO of Quik!

"Our partnership with this fintech company has been a driving force in Quik!'s evolution. Their growth has not only contributed to our own but has also been a catalyst for innovation within Quik!. We deeply value this partnership as it helps our mutual customers achieve success. It's a prime example of how our combined efforts can create winning solutions for the financial services industry." - Rich Walker, CEO of Quik!

Conclusion

The fintech company's new account opening solution, powered by Quik! API's, has set a new standard in the financial services industry for form management and workflow efficiency. The partnership between Quik! and the fintech company has fostered significant growth, innovation, and environmental responsibility, showcasing the potential of collaborative success in the fintech sector.