What is Client Onboarding Solution Market Scope?
Client onboarding is the process of welcoming new clients into the business, addressing their questions and concerns, and ensuring they understand the services available to them. Client onboarding is an important aspect for any customer acquisition team, providing effective risk management for new clients. Companies are required to perform due diligence for clients who are not present. Itís essential to carry out all the necessary checks to ensure that they are a trustworthy business partner. Financial institutions leverage these tools to provide their customers with a streamlined, digital process for signing up for financial services.
The Client Onboarding Solution market study is being classified by Type (Automated and Non-automated), by Application (BFSI, Healthcare, Information Technology and Others) and major geographies with country level break-up.
Xerox Corporation (United States), NexJ Systems Inc. (Canada), Smartwave Technologies (Canada), Onboard Software, Inc. (United States), Cognizant (United States), Kofax (United States), Integrify (United States), Robocloud (United Kingdom), Doxim (Canada) and Fenergo (Ireland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Mindtree Ltd. (India).
Analyst at AMA have segmented the market study of Global Client Onboarding Solution market by Type, Application and Region.
On the basis of geography, the market of Client Onboarding Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Client Onboarding Solution contains prebuilt rules that can be updated as required to ensure adherence to the wide array of financial services regulations. Digital customer onboarding solutions ensure regulatory compliance with financial regulations which include KYC, AML/CTF, FATCA, CRS, Dodd-Frank, EMIR, and MiFID II.
Influencing Market Trend
- Integration With Digital Banking Platforms and Core Banking Software
- Automated Client Onboarding Platform Using RPA (Robotic Process Automation)
- Increasing Demand for Client Onboarding Solution from Financial Sector
- Digital Customer Onboarding Tools Using AI-Powered Features to Secure Live Proof of Document Possession
- Availability of Open Source Software
- Lack of Knowledge about Onboarding Solution
Key Target AudienceClient Onboarding Solution Provider, Software Developers and Integrators, Business Houses, Financial Institutions & Banks, End-Use Industry and Others
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