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Digital onboarding

Digital Client Provisioning for Financial Institutions

Take advantage of digital authentication and client onboarding without the need to visit a branch. Build a secure, fast and understandable online onboarding process that complies with the latest European legislation.

Digital Client Provisioning for Financial Institutions

The main problems of the traditional process of establishing new clients:
 
  • Disproportionate time and cost
  • Every customer who has tried to open an account with a new bank (whether physically or online) has encountered an unpleasant user experience that has forced them to go to a branch (even repeatedly)
  • New players in the market offer a better user experience that customers quickly get used to and expect from all other financial providers
  • PSD2 simplifies the transition of clients from one provider to another, so customer loyalty decreases and the digital customer onboarding process becomes more important

38% of banking clients state that user-friendliness (UX) is one of the main criteria when choosing a new (digital) bank.

Banking onboarding is a specific process that requires the identification and verification of the client's identity with a high level of security and a low level of risk.

The client onboarding process is subject to a large number of regulatory requirements. All these requirements must be carefully analyzed before implementing and launching digital onboarding.

Our Digital Client Creation Solution addresses all known issues

We have carefully analyzed the behavior and preferences of end customers to identify the critical points of the process. Based on this, we designed a modern solution that guides the client through the entire onboarding process, regardless of the channels used, and minimizes the number of activities and inputs necessary on their part.

  1. Speed up and simplify access to financial products
  2. Ensure a seamless transition between channels within authentication
  3. Shorten the client creation process to a few minutes
  4. Get rid of paperwork
  5. Get better data
  1. Reduce the cost of operating the entire process
  2. Increase sales efficiency
  3. Reduce fraud and financial losses
  4. Gain more time for branch associates to focus on higher value-added activities

Onboarding process

Obtaining the client's contact information necessary to start the process

Verification of the client's identity and the validity of the documents provided using machine learning and image recognition technology

Obtaining the information necessary to perform AML verification

Use of the PSD2 interface and strong client authentication to obtain transaction history, its analysis and subsequent execution of the verification payment

Completion of client creation and distribution of login details that meet PSD2/RTS requirements