August 27, 2016 6:18 PM ET

Internet Software and Services

Company Overview of Andera, Inc.

Company Overview

Andera, Inc. operates an online platform for banks and credit unions to provide online account opening and lending services. The company offers oFlows platform that enables users to open retail checking, savings, money market, and CD accounts in real-time using smartphones, tablets, and Macs/PCs; and to cross sell loans or additional deposit products. Its oFlows platform also automates the process of collecting and screening applications for personal credit cards, personal loans, lines of credit, and direct auto loans. The company was founded in 2000 and is based in Providence, Rhode Island. As of April 3, 2014, Andera, Inc. operates as a subsidiary of Bottomline Technologies (de), Inc.

15 Park Row West

Suite 200

Providence, RI 02903

United States

Founded in 2000





Key Executives for Andera, Inc.

Founder, Chief Executive Officer and President
Chief Financial Officer
Senior Vice President of Client Services
Senior Vice President of Product Management
Vice President of Account Management
Compensation as of Fiscal Year 2016.

Andera, Inc. Key Developments

First Trade Union Bank and Andera Launches Photo Data Capture Enhancement to Improve the Mobile Account Opening Process

First Trade Union Bank and Andera launched photo data capture enhancement to improve the mobile account opening process. Consumers applying for a new First Trade bank account using their smartphones or tablets can now capture the barcode on a Driver's License with their mobile device's camera and cut required data entry in half by pre-filling personal information fields. Andera is one of the first to offer this type of data pre-filling service in the banking industry, and First Trade is the first Andera client to roll out this unique feature. First Trade's online application system, powered by Andera, is already optimized for access across all screen sizes and devices. It allows applicants to provide photos of supporting documents and offers eSignature and electronic account funding functionality - all of which make for a highly convenient, paperless experience. This new photo data capture enhancement makes it easier than ever to complete an account application on a mobile device. This latest enhancement aligns with the growing preference for digital banking, as consumers become more comfortable using mobile devices for banking purposes, from checking balances and depositing checks to now applying for new accounts.

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