---
description: Learn more about Consumer account opening price, benefits, and disadvantages for businesses in Australia. Read reviews from verified users and discover similar tools that fit your business needs.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/capterra/og_logo-e5a8c001ed0bd1bb922639230fcea71a.png?auto=format%2Cenhance%2Ccompress
title: Consumer account opening Cost & Reviews - Capterra Australia 2026
---

Breadcrumb: [Home](/) > [Banking Software](/directory/20008/banking-systems/software) > [Consumer account opening](/software/1082529/Consumer-account-opening)

# Consumer account opening

Canonical: https://www.capterra.com.au/software/1082529/Consumer-account-opening

> Loquat is a digital account opening software that streamlines customer onboarding through instant KYC and AML verification processes.
> 
> Verdict: Rated \*\*\*\* by 0 users. Top-rated for **Overall Quality**.

-----

## About the vendor

- **Company**: Loquat

## Commercial Context

- **Target Audience**: 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+
- **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Linux (Desktop), Windows (On-Premise), Chromebook (Desktop)
- **Supported Languages**: English
- **Available Countries**: United States

## Features

- Compliance Tracking
- Securities Management
- Transaction Monitoring

## Support Options

- Email/Help Desk
- FAQs/Forum
- Knowledge Base
- Phone Support
- Chat

## Category

- [Banking Software](https://www.capterra.com.au/directory/20008/banking-systems/software)

## Alternatives

1. [Creatio CRM](https://www.capterra.com.au/software/130149/bpm-online-crm) — 4.7/5 (133 reviews)
2. [NexorONE](https://www.capterra.com.au/software/128510/nexorone) — 5.0/5 (14 reviews)
3. [Online Check Writer](https://www.capterra.com.au/software/171148/online-check-writer) — 4.5/5 (255 reviews)
4. [Qonto](https://www.capterra.com.au/software/173384/qonto) — 4.5/5 (240 reviews)
5. [authorize.net](https://www.capterra.com.au/software/54911/authorizenet) — 4.5/5 (215 reviews)

## Links

- [View on Capterra](https://www.capterra.com.au/software/1082529/Consumer-account-opening)

## This page is available in the following languages

| Locale | URL |
| en | <https://www.capterra.com/p/10034366/Consumer-account-opening/> |
| en-AE | <https://www.capterra.ae/software/1082529/Consumer-account-opening> |
| en-AU | <https://www.capterra.com.au/software/1082529/Consumer-account-opening> |
| en-CA | <https://www.capterra.ca/software/1082529/Consumer-account-opening> |
| en-GB | <https://www.capterra.co.uk/software/1082529/Consumer-account-opening> |
| en-IE | <https://www.capterra.ie/software/1082529/Consumer-account-opening> |
| en-IL | <https://www.capterra.co.il/software/1082529/Consumer-account-opening> |
| en-IN | <https://www.capterra.in/software/1082529/Consumer-account-opening> |
| en-NZ | <https://www.capterra.co.nz/software/1082529/Consumer-account-opening> |
| en-SG | <https://www.capterra.com.sg/software/1082529/Consumer-account-opening> |
| en-ZA | <https://www.capterra.co.za/software/1082529/Consumer-account-opening> |

-----

## Structured Data

<script type="application/ld+json">
  {"@context":"https://schema.org","@graph":[{"name":"Capterra Australia","address":{"@type":"PostalAddress","addressLocality":"Sydney","addressRegion":"NSW","postalCode":"2060","streetAddress":"Level 18 40 Mount Street North Sydney NSW 2060 Australia"},"description":"Capterra Australia helps millions of people find the best business software with user reviews, ratings and price comparisons.","email":"info@capterra.com.au","url":"https://www.capterra.com.au/","logo":"https://dm-localsites-assets-prod.imgix.net/images/capterra/logo-a9b3b18653bd44e574e5108c22ab4d3c.svg","@id":"https://www.capterra.com.au/#organization","@type":"Organization","parentOrganization":"Gartner, Inc.","sameAs":["https://twitter.com/Capterra","https://www.linkedin.com/company/capterra/","https://www.youtube.com/channel/UCjRCDmEibpHwyX3m2b3y80w"]},{"name":"Consumer account opening","description":"Loquat's Consumer Account Opening software streamlines the account creation process for financial institutions through digital onboarding capabilities. The system performs instant KYC and AML checks while providing a consistent experience across web, mobile, and branch locations. The platform features identity verification functionality, supports various account types including checking, savings, money market accounts, and certificates of deposit, and incorporates document validation tools for security purposes. The software includes multiple security layers with selfie verification and facial analysis to prevent fraud while maintaining a smooth customer experience. The system enables end-to-end digital account opening from verification to funding without requiring branch visits or call center interactions, reducing friction in the process. The platform also handles complex ownership structures for different business entity types while ensuring compliance with financial regulations.","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/6d7ab413-64e4-4efa-a9bd-5bac2fab935e.png","url":"https://www.capterra.com.au/software/1082529/Consumer-account-opening","@id":"https://www.capterra.com.au/software/1082529/Consumer-account-opening#software","@type":"SoftwareApplication","publisher":{"@id":"https://www.capterra.com.au/#organization"},"applicationCategory":"BusinessApplication","operatingSystem":"Cloud, Apple, Windows, Linux, Windows on premise, Chrome"},{"@id":"https://www.capterra.com.au/software/1082529/Consumer-account-opening#faqs","@type":"FAQPage","mainEntity":[{"name":"What Is Consumer account opening?","@type":"Question","acceptedAnswer":{"text":"Loquat's Consumer Account Opening software streamlines the account creation process for financial institutions through digital onboarding capabilities. The system performs instant KYC and AML checks while providing a consistent experience across web, mobile, and branch locations. The platform features identity verification functionality, supports various account types including checking, savings, money market accounts, and certificates of deposit, and incorporates document validation tools for security purposes. The software includes multiple security layers with selfie verification and facial analysis to prevent fraud while maintaining a smooth customer experience. The system enables end-to-end digital account opening from verification to funding without requiring branch visits or call center interactions, reducing friction in the process. The platform also handles complex ownership structures for different business entity types while ensuring compliance with financial regulations.","@type":"Answer"}}]},{"@id":"https://www.capterra.com.au/software/1082529/Consumer-account-opening#breadcrumblist","@type":"BreadcrumbList","itemListElement":[{"name":"Home","position":1,"item":"/","@type":"ListItem"},{"name":"Banking Software","position":2,"item":"/directory/20008/banking-systems/software","@type":"ListItem"},{"name":"Consumer account opening","position":3,"item":"/software/1082529/Consumer-account-opening","@type":"ListItem"}]}]}
</script>