Parallel vs. MeridianLink Opening

Building meaningful connections in the online world is crucial. Parallel acts as a wellness and social platform specifically designed for the workplace, emphasizing the importance of genuine one-on-one interactions and developing social networks among coworkers. Our goal is to enrich the workplace culture across corporate America. As an accessible SaaS tool, Parallel empowers employees to establish authentic relationships with their peers, no matter where they are located. This innovative platform allows companies to cultivate a more unified and encouraging workplace atmosphere, ultimately leading to improved morale and productivity. By fostering these connections, Parallel also helps to bridge the gap that remote work often creates, ensuring that every employee feels valued and engaged.

MeridianLink® Opening is a leading digital account opening solution that helps financial institutions increase deposits while simplifying onboarding and reducing operational strain. Designed for checking, savings, CDs, and other deposit products, the platform delivers a fast, secure, mobile‑first experience that meets modern consumer expectations and drives higher conversion rates. Intuitive navigation, adaptive forms, save‑and‑resume functionality, progress indicators, document upload, and e‑signature options allow applicants to start and finish applications on their own schedule. Automated identity verification, fraud screening, and risk scoring prioritize speed and security behind the scenes, while instant decisioning moves qualified applicants forward without manual delays. Immediate funding enables accounts to be activated quickly. MeridianLink Opening simplifies regulatory compliance with built‑in BO, CIP, KYC, AML, FinCEN, and OFAC workflows, along with audit tracking and encryption. In‑application cross‑sell capabilities use real‑time credit and application data to surface relevant product offers and grow share of wallet. Automated verifications and document handling reduce manual effort and operational costs. Seamless integration with core banking systems eliminates duplicate data entry and enables ready‑to‑use, paperless accounts. Streamlined workflows hide unnecessary fields and condense steps to improve completion rates. Together, these capabilities help institutions capture more deposits, reduce risk, and deliver efficient, compliant, and customer‑friendly onboarding experiences.