MeridianLink Point-Of-Sale Offerings Show Strong Market Momentum
March 27 2024 - 9:05AM
Business Wire
The rapid adoption of MeridianLink® Access
highlights the best-in-class consumer experience available for
banks and credit unions across the country
MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern
software platforms for financial institutions and consumer
reporting agencies, today announced that more than 50 customers
have selected MeridianLink® Access or MeridianLink® Mortgage Access
point-of-sale products since their introduction last year. This
achievement by MeridianLink’s Go-to-Market and product teams
highlights the demand for such innovative capabilities in the
market.
MeridianLink Access and Mortgage Access provide highly
configurable point-of-sale solutions as part of the MeridianLink®
One ecosystem. The Access offerings can be used with MeridianLink®
Consumer, MeridianLink® Mortgage, and MeridianLink® Opening. The
platform allows financial institutions to easily modify workflows
and configure the loan and account opening process to meet their
unique needs. Driven by best practices and industry expertise,
Access empowers financial institutions to provide a streamlined
experience that helps to maximize engagement, conform with internal
workflows, and optimize the digital experience.
Alabama Credit Union (ACU), a top-rated local credit union with
34 locations across Alabama and one branch in Pensacola, Florida,
is already experiencing strong results within a few months of going
live on Access. The Credit Union initiated an Access pilot at the
beginning of 2024 after an internal analysis determined their
completed application rates were below industry benchmarks. Since
launching the pilot, ACU has seen a significant jump in deposit
applications, with a 17% increase recorded in just the first
month.
The benefits of Access for Alabama Credit Union have been
substantial. “Drag-and-drop” configuration capabilities have made
it easy for employees to design new application processes that are
optimized for consumer experience, and the new workflow is much
more efficient, freeing up staff to provide more support directly
to members. For consumers, the application completion time has been
reduced, and the experience has also become more personalized for
individual products and consumer situations.
“Since the implementation of MeridianLink Access, we have
improved efficiencies, increased online application submissions,
and secured more loans,” said Dustin Kizer, Digital Services
Director at Alabama Credit Union. “We expect the process
improvements we’re achieving will help lead to an increase in
application submissions and loan conversions, enabling us to
continue growing and providing this best-in-class experience to
more people. This is a win for us and our members!”
“The story of Alabama Credit Union is a strong testament to how
MeridianLink Access is already helping financial institutions
streamline internal processes and significantly improve the member
experience,” said Devesh Khare, Chief Product Officer at
MeridianLink. “We are excited to continue to expand its adoption as
an important part of the MeridianLink One connected ecosystem.”
For more information about MeridianLink Access, visit
www.meridianlink.com.
ABOUT MERIDIANLINK
MeridianLink® (NYSE: MLNK) empowers financial institutions and
consumer reporting agencies to drive efficient growth.
MeridianLink’s cloud-based digital lending, account opening,
background screening, and data verification solutions leverage
shared intelligence from a unified data platform, MeridianLink®
One, to enable customers of all sizes to identify growth
opportunities, effectively scale up, and support compliance
efforts, all while powering an enhanced experience for staff and
consumers alike.
For more than 25 years, MeridianLink has prioritized the
democratization of lending for consumers, businesses, and
communities. Learn more at www.meridianlink.com.
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Becky Frost (714) 784-5839 media@meridianlink.com
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