CommerceWest Bank automates business account opening with DocFox
IRVINE, Calif., March 3, 2022 /PRNewswire/ — CommerceWest Bank, the community bank committed to redefining banking for small and medium-sized businesses by Californiaannounced today that it has chosen DocFox to automate account opening for its customers.
CommerceWest Bank maintains a highly personalized relationship with each of its clients and combines this with a forward-thinking approach to technology, especially when it comes to banking. The bank chose to introduce automation to remove manual efforts when opening business accounts, allowing its banking specialists to spend more time working with their customers to achieve their financial goals.
DocFox was selected for its ability to create unique workflows for each type of customer the bank encounters, regardless of complexity. CommerceWest Bank has embraced the ability to leverage document analytics and a robust integration capability to further simplify and streamline processes for its banking and operations teams.
“CommerceWest Bank is extremely focused on redefining business banking for our customers, particularly around the flexibility to meet their unique needs. For our bank to continue to grow and deliver this transformative experience, it is necessary that our systems offer a simplified solution, a unified experience, from the moment the account is opened,” says Ivo Tjan, Chairman and CEO of CommerceWest Bank. “We chose DocFox because of its ability to automate the previously manual process of fast, compliant document review, and for the exceptional experience we could continue to provide our business customers.”
“Growing your bank is not possible without being able to scale front and back-office processes in tandem,” says DocFox CEO Ryan Canine. “With the automated workflows and powerful integrations provided by DocFox, CommerceWest Bank can continue to deliver best-in-class experiences to any business client, regardless of account complexity.”
DocFox is the leading provider of automated business account opening software used by over 250 financial institutions worldwide, including banks, credit unions and fintechs. DocFox uses intelligent automation to create a streamlined onboarding experience, simplifying and automating previously manual tasks for applicants and financial institutions.
For more information about DocFox and to request a live demo, visit docfox.io.
About CommerceWest Bank
CommerceWest Bank is committed to redefining banking for small and medium businesses by California. Within a smartly organized framework, we will provide flexibility, creating a complete, safe and healthy banking experience for every customer, serving owners and meeting their specific individual business and banking needs. We will strive to accommodate our customers, rather than force our customers to accommodate us, by providing high quality, low stress and personalized banking and financial services. Employing a strategically selected team of experienced professionals, we will carefully manage the assets entrusted to us. In doing so, we will maximize the financial potential of these accounts, ensure the stability of our institution and deliver profitable returns, increasing shareholder value.
Media and press contacts:
Rendell DarioSVP/Head of Central Operations, CommerceWest Bank
Angela LimoncelliChief Marketing Officer, DocFox