New account openings are unavoidably information-intensive: customer data pours in from multiple channels and devices, and in multiple formats. If your processes are manual, you face a threefold disadvantage—rising costs due to operational inefficiencies, customer dissatisfaction resulting from lengthy, cumbersome tasks, and risk of regulatory noncompliance fines. This is the challenge facing the more than 70% of banks that do not have an end-to-end digital onboarding process.
Deploy an automated account opening solution that streamlines processing to onboard customers faster, accelerate your time-to-revenue, and speed responses to audits through centralized files and documentation. Most importantly, you will have taken a critical step: providing an engaging onboarding experience that builds loyalty to your business for the long term.