eOpen drives deposit growth with a 100% real-time, digital account opening solution and best-in-class experience.
SOUTHINGTON, Conn. (September 27, 2022) – The Business Intelligence Group announced today that it has awarded COCC a 2022 Stratus Award for Cloud Computing in their annual business award program. The organization sought to identify the companies, products and people that are offering unique solutions that take advantage of cloud technologies.
Owned and operated by COCC, eOpen is a best-in-class account opening solution that boosts digital growth by eliminating the inefficiencies of onboarding new customers with a tightly integrated experience and modern, simplified workflow. eOpen is a cloud application running on Amazon Web Services (AWS) with advanced real-time integration to COCC’s core banking solution, INSIGHT. Prospective customers can open an account in minutes leveraging advanced photo ID technology that prepopulates the application instantly, leverages sign-on-glass technology to electronically sign for the account and creates a record within core removing any need to ever step foot into a branch. With abandonment rates on the rise, teller lines and call centers can immediately view, resume, and complete any application directly within core, removing all third-party application management.
“COCC is at the forefront of the cloud helping to drive practical innovations in the cloud,” said Maria Jimenez, Chief Nominations Officer of Business Intelligence Group. “The cloud is now part of the fabric of society, and we are thrilled that our volunteer judges were able to help promote all of these innovative services, organizations and executives.”
“I am so proud of our employees and partners for their dedication and hard work advancing our technology into the cloud,” said Richard A. Leone, Chairman & Chief Executive Officer at COCC. “Our teams continue to provide modern, advanced technology supported by our cooperative ownership commitment to superior customer service.”
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry and business award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.