Demand Deposit Account (DDA) Solution

Integrated Approach

Zoot’s demand deposit account (DDA) solution reduces your risk, meets compliance requirements, and provides the opportunity to build stronger customer relationships. It incorporates all the necessary components and data to support even the most complex DDA origination process, while still facilitating realtime responses.

Through Zoot’s tools and services approach, financial institutions (FIs) can configure the solution to exactly meet their needs. Zoot’s service-oriented architecture (SOA) supports multichannel integration, enabling a consistent and positive customer experience.

Above and Beyond Compliance

The basic process provides typical credit evaluation and closed-for-cause reviews. The solution can integrate with dozens of different data and service vendors in Zoot’s established Vendor Network, e.g., for OFAC screening, fraud reviews, and identity verification to comply with the Patriot Act “know-your-customer” provisions. The significant value of Zoot’s DDA solution lies in the cross-sell abilities that maximize consumer wallet share from the beginning of the relationship. 

Building Customer Loyalty

Zoot’s realtime cross-sell capability can evaluate the consumer’s appropriateness for other products while simultaneously decisioning them for a demand deposit account. Offering consumers a personalized product bundle increases acceptance rates, grows wallet share, and deepens your client relationship—all with minimal overhead.

Learn More :
White Paper, “Customer Intimacy: Connecting through Cross-Selling”
Webinar, “Come Together: An Executive Imperative for Account Origination”
Industry Brief, "An Integrated Approach to Account Origination"