Tuesday, May 11, 2010

Finovate: UBank

UBank from National Australia Bank

An online account opening solution. Put the application online and then perform an online validation. You enter your details online, add the details from your passport and medical cards. The background checks are performed. Then we are done.

During the application, the customer gets a text message as a temporary password for their new account. This is a secondary authentication approach that can reduce issues you get sending this to email accounts.

UBank is big in social media in Australia. They have integrated into Facebook and iGoogle. You get your banking details directly in your home page. You can only add the gadget to your home page if you are logged into the UBank website already.

Not sure what they were selling...

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