Making switching financial institutions easier
ClickSWITCH was created in 2014, with the mission to automate the process of switching direct deposits and automatic payments. At the time, moving accounts to a new financial institution was a hassle for consumers. The manual process required research, filling out forms, printing and mailing paperwork.
ClickSWITCH solved this problem, by creating an automated solution that makes switching direct deposits and recurring payments a quick and easy process that takes just a few minutes to switch accounts. Account holders simply log into the white-label ClickSWITCH portal, where they can switch their direct deposits and automatic payments from their former financial institution to a new financial institution using a mobile device, personal computer or by visiting a branch. The process is automated, intuitive and takes just a few minutes to initiate the switch. ClickSWITCH will even provide status updates along the way. When account holders’ complete the process, the solution can even initiate the closure of their legacy accounts at their former financial institution. Account information is transferred quickly, paving the way for a smooth and speedy transition. It’s automated, faster and easier than ever before.
Launch of the API
In addition to providing our stand-alone product to our financial institution clients, we’ve recently launched an API (Application Program Interface) to accommodate fintechs that want to capture direct deposits and financial institutions that want to build a custom experience. The API enables systems to connect to ClickSWITCH to switch the direct deposits and recurring payments of customers. The ClickSWITCH API allows companies to design their own custom front-end experience, speeds account holder enrollment, and enables them to modify the account switching experience to fit their needs. Our complete API documentation is available for technical staff that outlines the components of the API and how it works.
Formation of our Advisory Board
We’ve also created an advisory board of highly respected industry veterans, including:
Jeff Greiner, Managing Partner, Northern Pacific Group
Pete Kight, Entrepreneur, Founder and former CEO of CheckFree Corp.
Jeremy Kuiper, Financial Services Executive and industry expert
Jeff Sippel, Chief Strategy Officer, Acorns
What’s next for ClickSWITCH
We’re more committed than ever to providing the best switching solution available. So, how will we continue to build in the future?
First, we are passionate about making ClickSWITCH the best that it can be and we are focused on ensuring that our product road map anticipates and fulfills the needs of our clients. With our continued innovation, we will focus on creating more robust infrastructure improvements, rapid scalability, enhancing the consumer experience, and further developing tight integrations.
We are excited to use our new funding to hire more employees! We will focus on hiring additional key positions within our software development, sales and fulfillment teams. We also plan to hire a new key executive to our leadership team. Keep an eye out for new open positions on our Careers page!
We’ve come a long way since launching ClickSWITCH almost five years ago, and we thank our customers for their enthusiasm, our investors for their support, and our team for their incredible dedication. We will work hard to continue to make ClickSWITCH the preferred choice when it comes to switching financial institutions and onboarding financial customers. We look forward to what the future brings!