Signzy offers a no-code solution known as Generic Onboarding. Its user-friendly interface is designed to easily create workflows or onboarding journeys without the need for any coding expertise. The solution offers an easy Plug and Play solution for onboarding use cases across the BFSI industry.

The GO platform offers several modules as follows:

These modules help to ensure that the onboarding process is secure and efficient. The AI-based Decision Engine uses Artificial Intelligence to check and verify user data and prevent fraudulent onboardings. The Back Office Dashboard gives a one-stop solution to all operational workflows needed to verify an application.

Client onboarding is a critical success factor for every institution. However, it can be complex, expensive, and requires continuous adaptation over time. To sustain this process whilst keeping a consistent customer experience across the globe, we at Signzy have developed GO.

GO is a No-Code platform that will help to acquire new customers in a timely and cost-effective manner. It transforms onboarding processes digitally so that customer acquisition is seamless across geographies, organizations, and different business lines. It's the next evolution of CMS for onboarding journeys.

In today's fast-paced and ever-evolving landscape, the term "digital transformation" has gained immense significance across multiple industries. As leading enterprises strive to meet the evolving demands of their customers and employees, it has become crucial to embrace digital experiences to stay ahead of the competition. To maintain a competitive edge, it is imperative to transform and become increasingly agile in this digital age.

It is impossible to overstate the importance of digital transformation because it affects every aspect of an organization. Businesses can greatly increase their productivity and efficiency by implementing cutting-edge technology. Additionally, by strengthening customer involvement with the business, digital transformation can strengthen the security of an organization's data management on both an internal and external level.

Digital Transformation is needed:

Custom code refers to software programming that has been specifically developed by a third-party partner, an end user with support, or another entity. Instead of using a prepackaged solution or code that was created with a specific goal in mind, you write custom code from scratch. If you need to fix a particular issue but don't want to alter an already-existing software package to do it for you, custom coding could be useful.

Low code is a software development approach that requires little to no coding to build applications and processes. Instead of using complex programming languages, you can employ visual interfaces with basic logic and drag-and-drop capabilities in a low-code development platform.

No-code is an approach to designing and using applications that don't require any coding or knowledge of programming languages. This type of software is part of the self-service movement that empowers business users to create, manipulate, and employ data-driven applications to do their work better.

Digital onboarding has revolutionized the way organizations welcome new customers, replacing traditional manual processes with a faster, more efficient, and more secure method. Here are some of the key advantages of digital onboarding:

Overall, digital onboarding has transformed the onboarding process, providing a more efficient, secure, and accessible experience for customers. This has led many organizations to adopt digital onboarding to enhance their customer experience and remain competitive in the digital age.

Business accounts allow limitless transactions. Cash deposits or withdrawals are not subject to any limitations or constraints. An easy, seamless flow of business transactions is provided by current accounts. To satisfy specific company needs, business accounts can also be tailored and personalized. 

Opening a business account was traditionally one of the most time-consuming and tedious tasks. You must first satisfy stringent eligibility requirements to open a business account. The numerous forms required must be obtained either by visiting the closest branch or by filling out online forms. Customers frequently experience difficulty filling out certain fields and commit blatant mistakes that slow down the process as a whole. You also need a lot of information and supporting documentation to fill out these forms.

A financial institution's typical customer onboarding procedure includes numerous cross-functional teams.

Since there are so many individuals engaged, there is no ownership in the onboarding process. There is no effective method for these diverse teams to collaborate to provide a smooth and frictionless onboarding experience for customers. The extensive list of submitted documents must then be personally verified and authenticated, which takes time given that a compliance executive may be handling multiple customers simultaneously.

Besides, the information is messy and unstructured, which makes it challenging to gather useful insights. Additionally, it could lead to banks ignoring some warning signs linked to suspect applicants, which increases the bank's risks.

We used GO for the onboarding process of the Business Account and the results were remarkable.