Reimagining Customer Onboarding for Banks
During this global crisis, multiple factors are impacting many critical banking processes, including KYC and Customer Onboarding. In this report, co-authored by Zinnov and WorkFusion, we consider how banks are re-evaluating their operations — with an eye toward the future.
What you will find in the report
- Conventional onboarding processes are highly manual and inefficient — see workflow diagrams demonstrating how automating can streamline and speed up this experience for everyone.
- Overview of navigating challenges associated with COVID-19 — including additional impact on already-complex customer onboarding regulations and guidelines/
- Results spotlight: By automating just the Identity Verification step of the onboarding process, a major bank was able to cut overall onboarding time by 90% — among other benefits
See a short overview of the report in this infographic.