Digital Account Opening: Enabling greater trust between your bank and customers

Despite the push for end-to-end digitization of digital account opening and onboarding processes, banks and other FIs are still dealing with legacy systems and apps that present a barrier to accelerating their digital projects. But in order to prevent application fraud and comply with strict know your customer (KYC) and anti-money laundering (AML) regulations, banks must positively verify their customers’ identities.

The good news is new and innovative approaches to digital fulfillment with identity verification and e-signature technologies present an opportunity to eliminate the need for in-branch verification and signing.

In this demo, industry expert Will LaSala shows how consumers can open a bank account on their mobile device and will review the 4 major processes a customer goes through when doing this remotely, including:

• Onboarding
• Identity verification
• Agreement signing
• Securing transactions & interactions

Watch the demo.
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