Top 4 digital onboarding solutions for banks
The digital onboarding process is becoming the default way to onboard new customers as banks undergo digital transformation.
The onboarding phase is critical for converting prospects to customers and integrating multiple services. Finding the right tools for digital onboarding solutions makes it easier for your customers and operations to adopt new technology.
In this post, SmartOSC Fintech shares with you the top 4 digital onboarding solutions to help banks keep up with trends in the digital era.
What is a digital onboarding process?
Digital onboarding is the process of acquiring a new customer for a new company or subscribing a new user to a new service remotely, typically via a user’s mobile device. The primary goal of digital onboarding is to verify the identity of the person being onboarded in order for a company to ensure that the person is who they claim to be.
Facial biometrics and liveness detection technology, in conjunction with identity document processing, are used to verify a user’s identity digitally and completely remotely.
Top 4 digital onboarding solutions for banks
1. Backbase
Backbase is a rapidly expanding fintech software company that enables financial institutions to accelerate their digital transformation and compete effectively in a digital-first world.
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They developed the Backbase Omni-Channel Banking Platform, a cutting-edge digital banking software solution that combines data and functionality from traditional core systems and new fintech players into a unified digital customer experience.
They enable financials to create and manage seamless customer experiences across any device while delivering measurable business results.
SmartOSC is pleased to be an official Backbase partner, offering the best consulting solutions built on the Backbase platform.
2. Know Your Customer
Know Your Customer is a global provider of next-generation digital onboarding solutions to financial institutions and regulated organizations. They enable compliance teams to better protect their businesses by performing all necessary KYC and AML checks on both corporate and individual customers, centralizing the onboarding process through a uniquely user-friendly platform.
3. QuickSign
QuickSign SaaS platform is a cutting-edge application developed by legal, cryptography, sales, and marketing experts to streamline the multichannel sales process while also replacing the printer, scanner, and mailing!
4. Alkami Platform
The Alkami Platform offers banks and credit unions a complete digital banking solution for secure onboarding, engaging, and growing retail and business users. Clients can customize their user experience with additional Alkami products and third-party integrations via API, SSO, and SDK functionality.
The online banking platform includes an administrative console that allows clients to manage the experiences of their digital banking users.
Conclusion
It’s time to consider a digital onboarding solution for your bank. By automating the process, you can improve customer satisfaction and increase new account openings.
If you’re looking for digital onboarding solutions that can help your bank keep up with the competition, we’ve got four great options to choose from. Each of these solutions has its own unique benefits, so be sure to read our reviews and find the one that’s right for you. Ready to get started? Visit SmartOSC Fintech right now to get advice on the best technology solutions for your bank!
