The Future of Client Onboarding
Technology continues to pervade an increasing portion of our lives.
Today’s clients are globally mobile and have high expectations when it comes to technology. Customer onboarding has never been easy, it’s a difficult balance between customers wanting a seamless experience, and the regulatory laws in place to ensure effective due diligence.
Such constraints are necessary to avoid a range of damaging outcomes including identity theft, money laundering and associated criminal activities. However, this is where engaging a Regulatory Tech business to reduce these friction points through digitising your Know Your Customer and Anti-Money Laundering processes can help and set up your business for the future of customer onboarding.
In partnership with Reg Tech Associates, Vaiie commissioned a report exploring the challenges and opportunities in Jersey through the three stages of technological maturity; Analogue, Digitised and Digital. Vaiie recognises the challenges faced by organisations in verifying the identity of prospective customers and in this report, you can read more about what the future of client onboarding may look like.