OriTrust: Created by bankers, for bankers.
Increased regulations. Tighter restrictions. Unsustainable origination costs. Data privacy and security concerns. For the past ten years, community banks have struggled to maintain their traditional competitive advantage — customer service — under the weight of these challenges. Formerly trusted customer relationships have eroded, becoming almost adversarial — and opening the door to non-bank competitors.
We understand the problem, because we’ve lived it. And we decided to do something about it.
So we founded OriTrust.
The power of trusted data, in the hands of our customers.
OriTrust uses leading-edge technology to provide banks with a branded, customized, mobile-responsive, secure single-system loan application platform. And it’s based on the singular idea that customers, not corporations, should own and control their personal data.
We know that data privacy and security are top concerns for customers. So we started by developing an online digital safe deposit box where customers can keep their personal data and documents. Customers can share their verified data through permissioned access to trusted participants, and earn royalties for sharing these assets. Banks providing these digital safe deposit boxes to their customers own the labor to update and verify the data, and thus also earn royalties when the data are shared.
Trusted data in action: Loan Studio.
Using the unique online digital safe deposit box, Oritrust’s Loan Studio solution gives lenders and borrowers the speed, security and control they need to make opening new accounts, borrowing, lending and making payments safe and seamless. Lengthy, cumbersome applications become a thing of the past, because validated data can now be securely shared simultaneously, not sequentially, through a digital process that auto-populates application documents.
No more frustrating delays or detours — no more requiring customers to repeatedly reintroduce themselves to their bank of choice. And permissioned access, combined with the built-in ability to upgrade security encryption as technology advances, reduces fraud risk and related costs for banks and customers alike.
OriTrust networked software applications are designed to reconnect banks with customers through innovative tools that build trust. Better financing through better data: That’s the OriTrust promise.