Winter 2023 Product Updates
Explore MDT’s Growing Suite of Products and Services
By Claudette Hart, Product Manager, and Waheeda Brandon, Product Manager
MDT’s Product Management Office works to continually bring you both new and updated product and service solutions to enhance your business, and we diligently communicate our ongoing plans and progress so you can plan accordingly. We analyze, prioritize, validate, and deliver new product offerings through internal development and partnerships with third-party providers. Below is a recap of some of the important information we’ve shared and some of the products and partnerships we have been working on in the 4th quarter of 2022.
- PowerFrame Docs
MDT is pleased to announce the availability of PowerFrame Docs, a forms solution and MicroApp built on the Powerframe platform to augment the functionality of Symitar. While Jack Henry has not yet announced end of life for legacy forms solutions, PowerFrame Docs was developed to replace both SymForm and SymForm PDF.
During MDT’s Fall Roadmap, we discussed our plans for PowerFrame Docs and Chromium and getting clients migrated. A recording of the Fall Roadmap is available via Compass.
When it was initially introduced, LoanVantage came onto the lending scene as a commercial lending product. Today LoanVantage is still largely a commercial lending solution and has some high-efficiency gains in new features with doc prep and tax statement OCR functionality. Additionally, LoanVantage is working to develop consumer lending, online lending, and indirect lending functionality with the vision to compete with MeridianLink and other fully automated digital lending and account opening platforms. While it isn’t quite there yet, full functionality is coming and will be available in about a year. LoanVantage commercial lending has been certified with MDT Clients and is currently available. This product is definitely one to watch!
For more information, view the recording of November’s LoanVantage MDT Client webinar via the Compass portal or contact your CRM.
We are pleased to announce that MDT has partnered with Comply-YES! to provide regulatory compliance consulting services to our credit unions. Comply-YES! is a CUSO that provides compliance support and consulting services to credit unions. Their industry experts can manage and provide continuity in a credit union’s compliance program so they can focus on what matters most: serving members!
See your CRM for more information regarding this exciting new partnership!
- DeepTarget: Harness the Power of Personalization!
A long-time partner of MDT, DeepTarget offers a patented Digital Experience Platform (DXP) designed to drive member loyalty and cross-sales for credit unions of all sizes. DXP allows you to deliver relevant messaging and product recommendations through digital channels such as online and mobile banking.
Our partnership has expanded to include 3 new offerings: 3D Story On the Go, Predictive Sales, and Managed Services. 3D Story On the Go gives you the ability to leverage 3D Story for text and email campaigns. Predictive Sales uses the power of CognitiveScale Technologies, an AI company, to pull in third-party data that will enable you to proactively match members with relevant offers prior to purchase. Managed services enable you to fully leverage the DeepTarget Experience Platform (DXP) by leaning on DeepTarget’s DXP team to create, monitor, and report on campaigns sent out from the DXP platform. Each of these products and services helps you to further access and address individual member needs and preferences.
DeepTarget offers personalized content including:
- AI predictive models identifying high-propensity purchasers of loan/deposit products
- A transformative 3D user experience that turns raw data into engaging, personalized financial stories unique to each customer
- Personalized birthday greetings using 3D Story via email and text
- Deep analytics and reporting to measure campaign effectiveness
- A/B testing of different messages to discover what works best
- Rapid setup with pre-integration into 30+ digital banking platforms
- And when resource-strapped, DeepTarget can even be an extension of your team with complete DXP lifecycle-managed services