Banks and financial services companies face a substantial risk of losing money while setting overdraft limits for customers. The financial costs and potential regulatory implications make overdraft management one of the most challenging areas of financial services.
As the demands for overdraft increase across countries, financial institutions and need efficient and long-term solutions to the challenges. Overdraft management software applications turn around the way the credit services are delivered and managed.
Analyze customers’ deposits, monitor accounts using online and mobile banking, and set insights-driven overdraft limits. Our overdraft management solutions enable you to set data-driven and responsible credit and overdraft limits.
With overdraft management software in place, you can dramatically enhance the efficiency and insightfulness of your financial services. From comprehensive reporting to strict regulatory compliance, overdraft management solutions offer wide-ranging benefits.
Overdraft management software applications give you immense reporting capabilities and data support. Easily track excessive overdrafts, performance issues, and various charges.
With extensive data management and analytics, you can create used cases for key deposit accounts. Also, manage refund amounts, monitor, and mediate accounts showing excessive overdraft activities.
The overdraft management solutions allow you to offer overdraft limits that are defensible in terms of regulatory guidelines. The solutions feature capabilities like overdraft monitoring and shut-off to ensure adherence.
Whether you run a small financial institution or a large multinational bank, our custom-built solutions have features for every kind of need.
Our software applications enable you to link deposits, savings, and other areas of banking. You can also enable customers to link their primary account to a secondary account to cover the overdraft.
The overdraft management software enables your customers to link an existing checking account to a line of credit that can cover the overdrafts. This helps customers to avoid check returns and unnecessary charges.
This feature lets customers opt-in or opt-out of overdraft protection with a one-click button. Customers who opt-in for service may choose ATM and other daily transactions to get authorized.
We have worked with several leading banks and financial institutions having a diversified business. Our expertise in overdraft management software and other fintech solutions are built on the foundation of extensive experience.View full portfolio
Our bank was facing lots of trouble due to inefficient overdraft management methods. OrangeMantra’s overdraft software changed the way we monitor and manage overdraft and credit. They have an excellent team.
– CEO of a leading Asian bank
We were planning to expand our overdraft services. We contacted OrangeMantra for an overdraft management software with a set of functional requirements. They developed a robust solution as per our needs.
– CTO of a financial services provider
Need a flawless overdraft management solution for your bank/financial institute?