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.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
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.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
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 and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
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.

Software Development Kit (SDK)

SDK stands for Software Development Kit. It's a set of tools, libraries, documentation, and sample code provided by software companies to help developers create applications (apps) for specific platforms, frameworks, or programming languages.

Tools and Libraries:

An SDK typically includes software development tools, such as compilers, debuggers, and build tools, as well as libraries that provide pre-written code for common functions and tasks.

Documentation:

SDKs come with comprehensive documentation that explains how to use the tools and libraries effectively. This documentation includes guides, tutorials, reference materials, and examples to help developers understand the SDK's capabilities and integration requirements.

Sample Code:

SDKs often include sample code snippets or complete sample projects that demonstrate how to implement various features or use cases with the SDK. Developers can use these samples as templates or starting points for their own applications.

Compatibility:

SDKs are designed to be compatible with specific platforms, frameworks, or programming languages. For example, there are SDKs for mobile app development (iOS SDK, Android SDK), web development (JavaScript SDKs), cloud services (AWS SDK, Azure SDK), and more.

Integration:

SDKs facilitate integration of third-party services or functionalities into applications. For instance, social media platforms provide SDKs that allow developers to incorporate social sharing, login, or analytics features into their apps.

Updates and Support:

SDK providers often release updates to improve functionality, security, or compatibility with new platform versions. They also offer technical support to help developers resolve issues and optimize their use of the SDK.

Overall, SDKs play a crucial role in accelerating software development by providing developers with the necessary tools, resources, and guidance to efficiently create applications that leverage specific technologies or services.

Explore more resources

Banker's Tracking Calendar

Key Dates to Track in 2025 [PDF] Download this 2025 calendar to track key submission and reporting dates, tax deadlines, Dodd-Frank regulatory requirements, and other important happenings. Avoid last-minute scrambles this year. Customize Your Calendar for...
Read More »

Related articles

Tuesday 14 January 2025

[Playbook] Managing Policy Exceptions in AccuAccount

Here’s the Situation: Your financial institution needs a better way to track policy exceptions. In the past, your team has used spreadsheets for loan policy…

Read the Blog

Monday 6 January 2025

Smarter Document Indexing: Capitalizing on the Advantages of Automatic Data Extraction

Document management and automatic data extraction play a key role in streamlining workflows, improving compliance, and enhancing data accuracy. By automating these processes, financial institutions…

Read the Blog

Monday 30 December 2024

Shaping the Future of Banking: 6 Software Trends Driving Innovation for Banks and Credit Unions in 2025

As we head into 2025, the banking and financial services software market is increasingly adopting solutions that boost efficiency, security, and user experience. Key trends…

Read the Blog

Wednesday 18 December 2024

[Playbook] Extracting Documents from Your LOS

Your financial institution relies on its LOS (loan origination system) throughout the entire decisioning process. Unfortunately, you don’t have a great process for extracting, saving…

Read the Blog

Monday 16 December 2024

Q&A Series, Part 2: How NXT Delivers Business Banking Value and Powers Innovation for Financial Institutions

In this second installment of our Q&A series with Monica Moore, Alogent’s Chief Technology Officer, we dig into the future of NXT, Alogent’s business and…

Read the Blog

Wednesday 11 December 2024

Preparing for the Holiday Surge: How Real-Time Check Processing Helps Banks and Credit Unions Combat Fraud and Boost Efficiency

From holiday shopping sprees to end-of-year payments, the winter months bring a rise in transaction volumes and a greater focus on more secure, efficient check…

Read the Blog

Wednesday 4 December 2024

Checks Matter: Why Checks Are Still Essential in a Digital Payment Era

The notion that checks may become obsolete has been a topic of discussion in the banking and financial services industry as digital payments gain popularity…

Read the Blog

Monday 2 December 2024

How Commercial Loan Approval Works in AccuAccount

With AccuApproval for AccuAccount, your bank or credit union can achieve a scalable workflow that aligns with your commercial lending process. It’s a great option…

Read the Blog