Texas Capital Launches Innovative Onboarding Technology Solution for Commercial Businesses
June 27 2023 - 9:20AM
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company
of Texas Capital, has announced the launch of Texas Capital
Initio™, an internally developed, proprietary digital onboarding
solution designed to revolutionize the commercial banking
experience by simplifying and accelerating the process of opening
an account.
Initio, a market-leading cloud native software application,
enables businesses to open commercial accounts within days, a
significant improvement compared to other options that can often
take multiple weeks. The solution does so by eliminating the
burdensome and time-consuming manual processes traditionally
associated with account onboarding, replacing them with a
streamlined, automated approach that includes the ability to submit
key data electronically and an option for electronic
signatures.
“With a devoted focus on technology and a strong commitment to
client-centric solutions, we have transformed the account opening
experience for businesses,” said Texas Capital Chief Information
Officer Don Goin. “Initio represents an innovative solution that
addresses a pain point that many commercial clients traditionally
face.”
“This solution represents the next generation of banking, one
fueled by digital transformation,” said Nancy McDonnell, head of
Treasury Solutions at Texas Capital. “As of the first quarter of
2023, Texas Capital now onboards over 70% of all treasury clients
digitally with Initio. By reducing the time and effort required for
account setup, this technology empowers businesses to focus on
their core operations, driving growth and operational
efficiency.”
To learn more about Initio visit the Texas Capital Treasury
& Credit Products webpage.
About Texas Capital Texas Capital Bancshares,
Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and
the S&P MidCap 400®, is the holding company of Texas Capital
Bank (individually and collectively with all affiliates and
subsidiaries, “Texas Capital”), a full-service financial services
firm that delivers customized solutions to businesses,
entrepreneurs, and individual customers. Founded in 1998, the
institution is headquartered in Dallas with offices in Austin,
Houston, San Antonio and Fort Worth, and has built a network of
clients across the country. With the ability to service clients
through their entire lifecycles, Texas Capital has established
commercial banking, consumer banking, investment banking and wealth
management capabilities. For more information, please
visit www.texascapitalbank.com. Member FDIC.
INVESTOR CONTACT
Jocelyn Kukulka, 469.399.8544
investor.relations@texascapitalbank.com
MEDIA CONTACT
Julia Monter, 469.399.8425
julia.monter@texascapitalbank.com
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