Automate Key Institutional Onboarding Processes to Accelerate Productivity

In today’s digital world, long client on boarding times can mean lost business. Managing complex agreements in a secure, digital and compliant fashion gains client trust and enables banks & wealth management firms to meet customer expectations while growing revenues. Even today, most firms are struggling to simplify the processes, minimize costs and mitigate regulation risks. 

The impact of antiquated systems and processes can be felt in various areas ranging from poor data quality to slow down in trading between the buy side and the sell side. Regulatory issues also add further complexity because the onboarding process and the information gathered and stored during that process must meet numerous regulatory requirements, such as Know Your Customer (KYC), Anti-Money Laundering (AML), tax and country-specific data privacy rules – all of which are constantly changing. These tasks cast a heavy burden on employee productivity, requiring:

- 20-30% of a relationship manager’s time
- 1,000+ FTEs at the largest banks
- 60+ days for an institutional client at investment banks*

(*source : E&Y)

Digital agreements help financial service firms to deliver the seamless, digital, secure experiences that customers expect. Watch this on-demand webinar to learn how your organization can:

• Turn paper into digital data 
• Digitize contract lifecycle process
• Automate key workflows