Broadridge, Pitney Bowes to Form Paperless Banking Joint Venture

By Dymi, Amilda | American Banker, June 11, 2014 | Go to article overview

Broadridge, Pitney Bowes to Form Paperless Banking Joint Venture


Dymi, Amilda, American Banker


Byline: Amilda Dymi

By the time paperless banking joint venture Inlet is ready to launch in a few years, Pitney Bowes and Broadridge Financial Solutions will have invested anywhere from $15 million to $20 million, the companies say.

The Inlet platform is designed to enable financial services companies to distribute bank statements, bills and other documents to consumers for review and storage through online banking channels they already use, the co-owners said in a press release.

Broadridge, a technology provider that helps process more than $5 trillion in fixed income and equity trades per day for banks and other financial institutions in 13 countries in North America, and Pitney Bowes, which provides data analytics and delivery technology, are cooperating to create a multifunctional platform financial firms can use to create a secure, customizable space to store documents and build relationships with customers.

Inlet's new interactive technology platform aims to make it easier for companies to make financial information and important documents "from hundreds of providers," accessible for customers in just a few clicks, according to the release. …

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