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September 8, 2021
Seattle-based ModusBox announced a partnership with DocFox, an SaaS-based automated business onboarding tool for financial institutions. The two companies provide solutions that enables banks and credit unions to unlock access to banking core data and rapidly onboard any new business. DocFox provides a white-labeled, paperless experience that handles document collection and validation through automated analysis, performs enhanced review and screening of high-risk customers, and a single point of view for real-time tracking of Bank Security Act compliance. DocFox is used by over 200 financial institutions to automate their account opening processes. It provides intelligent, highly customized workflows for any type of client. ModusBox is a financial services technology company focused on open banking solutions that unlock access to banking core data and eliminate vendor dependencies.