Eisen provides an escheatment automation solution that proactively manages compliance for dormant accounts, stale checks, and account wind-downs. The platform streamlines regulatory outreach, fund disbursement, and adherence to state-by-state unclaimed property requirements. This service helps financial institutions quantify risk and maintain compliance while avoiding costly penalties.
Funding
$30K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face a complex and time-consuming process in managing dormant accounts, stale checks, and large-scale account closures, while also adhering to varying state escheatment regulations. Failure to comply can result in penalties and reputational damage.
Solution
Eisen provides an automated escheatment solution that streamlines account offboarding for financial institutions, ensuring compliance with state regulations. The platform proactively identifies and manages dormant accounts, stale checks, and wind downs, reducing the risk of unclaimed property liabilities. Eisen automates customer outreach to encourage account activity and simplifies disbursement with a one-click payment feature. By connecting to existing data sources, Eisen quantifies escheatment risk and automates compliance workflows, minimizing manual effort and potential errors.
Target Audience
Eisen primarily serves regulated financial institutions, including banks, fintech companies, and platforms, that need to automate and streamline their escheatment processes.
Features
- Automated identification of dormant accounts and stale checks
- Proactive customer outreach to prevent escheatment
- One-click payment disbursement
- Management of large-scale account closures and wind downs
- Compliance monitoring with 58+ government reporting deadlines tracked
- Support for 117+ property types
- Integrations with 12+ data systems
- Comprehensive audit trails for compliance verification