Account Takeover

Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.

Adverse Action

An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.

Aging Exceptions

The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.

Altered Checks

Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.

API

API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.

Audit & Exam Prep

Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.

Authorized Signer Form

An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

What is Digital Transformation in Banking?

Digital transformation includes the adoption and implementation of innovative, digital, or computer-based technology. Ultimately the goal of digital transformation in banking includes improving efficiencies, driving loyalty and engagement from customers and members through a streamlined user experience, and ultimately delivering a competitive advantage to the bank or credit union. 


Alogent's Role in Digital Transformation

Alogent's platforms all contribute to a financial institution's digital transformation efforts, streamlining and automating the entire transaction ecosystem - regardless of the channel of engagement. 

Payment Solutions
Online, Mobile and Digital Banking
Process Automation and Enterprise Content Management
Loan Management and Exception Tracking
 

Visit Our Innovation Hub

Check out Alogent’s Innovation Hub for additional banking definitions as well as downloadable industry papers, eBooks, infographics, blog posts, and other helpful resources.

Explore more resources

Alogent Shield+ Datasheet

Check fraud poses a significant challenge for financial institutions, leading to substantial costs and risks for account holders. As fraud tactics continue to evolve, banks and credit unions must be proactive in protecting their assets and maintaining account...
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Alogent Shield Datasheet

As check fraud becomes increasingly complex and costly for financial institutions, finding a universal solution is more challenging than ever. With rising threats across all deposit channels, no institution is safe—just one successful attack can lead to...
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Alogent Lockbox Datasheet

In today’s financial landscape, banks and credit unions need effective solutions for their commercial and merchant account holders. Alogent's comprehensive lockbox services, including retail, wholesale, and electronic offerings, streamline payment collection...
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