Blockchain Registration Transaction Record

Live Oak Bank Taps Onsetto's SwitchAssist to Boost Business Deposit Activation

Live Oak Bank selects Onsetto's SwitchAssist to enhance business banking activation, streamline onboarding, and grow deposits through structured account transition support.

This partnership underscores a growing trend in banking: acquiring new business accounts is no longer enough. Banks must actively help customers transition their financial operations to become the primary banking partner. For business owners, this means a smoother onboarding experience with less friction, faster access to treasury services, and quicker realization of banking benefits. For the broader industry, it highlights the importance of structured activation processes to drive deposit growth and customer loyalty, which are critical in a competitive landscape.