Branch Solutions

New Account Opening

Lexmark multifunction printers are network scanning devices that not only produce signature cards and other account opening documents, they scan them to the bank's electronic document management system after the customer's signature is placed on the card and perform an automated audit for completeness.

• Exceptions are reduced by an automated check for missing signatures, dates and documents
• Barcoded signature cards automate image indexing and workflow processing, thereby eliminating the courier for this process
• Signatures and cards are made available immediately to bank branch tellers and managers
• Check fraud is prevented while improving the customer check cashing experience.
• The account opening process is reduced by days.

Download the Retail Banking Flyer

Retail-Banking-Flyer.pdf
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Loan Origination

Lexmark multifunction printers can reduce the time and errors associated with the loan origination process – while increasing security of customer information. Both bank loan documents and customer documents can be indexed and captured immediately and transmitted securely as encrypted files across the bank's data network.

• Bank personnel are automatically prompted for the specific supporting documentation required for the type of loan being originated
• Customer provided documents are automatically indexed as part of the loan package at the branch
• Exceptions are reduced as the MFP checks for missing documentation
• Customer face time is increased as the need for manual bundling and auditing is eliminated
• Cost savings are realized as the need for shadow copies and mailing of documents are eliminated
• Customer information is more secure by eliminating the possibility of lost hardcopy documents
• Loan processing time is shortened

Download the Loan Processing Application

FinAppLoanProcessing.pdf
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Print on Demand Marketing

Lexmark's high speed, low cost color lasers offer a new option for the marketer – print-on-demand color marketing materials. In just days, a campaign can be developed centrally and printed locally in the branch, for just pennies a page.

The availability of color printing in the branch with Lexmark printers provides you with several benefits:

• Eliminate the cost of ordering, warehousing, distributing and managing preprinted material, reducing overhead costs
• Eliminate obsolescence and waste associated with out-of-date brochures
• Personalize marketing material for your customers
• Gain the ability to print other branch documents, such as proposals, presentations, flyers, and financial plans

Download the Color Printing Application

FinAppColorPrinting.pdf
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MICR Check Issuance

Magnetic Ink Character Recognition (MICR) has been used around the world for years as a means of issuing secure documents such as cashiers checks and money orders. Lexmark offers a cost-effective solution to issue MICR documents at the branch with a system that also automates your audit trail.

Secure MICR printing in the branch provides you with several benefits:

• Centralized control and reporting capabilities with a secure solution for accurate records
• Virtual elimination of exposure to check fraud through security features and elimination of preprinted check stock
• Reduced transaction time
• Reduced reprints associated with maintaining a manual check issuance process.

Learn more about the Lexmark Source Technologies Solution

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Insurance Claims Processing

The current weaker investment market has forced insurers to re-focus their attention on core operations, such as claims management, realizing that claims operations can have a tremendous impact on the company's profitability.

With a more streamlined claims process, the insurer can settle claims sooner, reduce the cost of claims, and increase claims consistency. By accelerating the claims process, the company can gain a competitive edge, which is becoming critical during challenging economic times.

Lexmark multifunction printers include an interactive user interface, which has been specially designed to enable the easy and efficient remote capture, indexing, distribution and use of documents in both hardcopy and digital formats.

The ability to remotely capture claims documentation and integrate with your back-end processes provides your company with numerable benefits:

• Fewer processing errors as well as fewer lost or missing documents
• Increased productivity with significant reduction in paper handling
• Faster and more efficient resolution of customer inquiries and problems resulting in increased customer loyalty
• Increased customer satisfaction with faster claims settlements and fewer customer callbacks
• Reduced need for redundant paper files and archives
• Automated auditing procedures that result in Improved regulatory compliance and lower costs of claims processing
• Accelerated return on investment on document management systems due to integration with Lexmark systems

Download the Insurance Claims Application

FinAppInsuranceClaims.pdf
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Contact Us

To discuss Lexmark's solutions and services for the financial services industry, click here.