Digital Onboarding

Digital Onboarding transforms customer integration with swift, secure, and seamless experiences, enhancing satisfaction and operational efficiency. As the first touchpoint with financial institutions, onboarding sets the tone for customer experience while ensuring KYC compliance. With fully digital onboarding, customers can sign up remotely without visiting a bank branch, completing the process securely from anywhere. This online verification guarantees safety, credibility, and efficiency. Wavenet’s Digital Onboarding Solution streamlines KYC and automates the entire onboarding journey.

Ai/ML

Features

Healthcare

Give an End to end digital journey

Retail & E-Commerce

Reduce several levels of manual verification/info loss

Logistics

Reduce overall TAT to 2-3 days

Education

Digitisation of Contract & PO signing

Wavenet's Digital Onboarding Solutions

Generic Onboarding (GO): First of its kind, Wavenet's Generic Onboarding Solution is designed with a vision to digitally onboard 80% of global users with minimal human intervention by offering a platform that allows the creation of completely customizable journeys across use-cases.

Merchant Onboarding (MO): Signzy’s Merchant Onboarding solution enables to onboard a merchant in lesser time with proper due diligence has always been the prime objective for every acquirer in the market.

Investor Onboarding (IO): Signzy is the first to implement a remote Investor Onboarding Solution. This solution also supports integrating 3rd party distributors/channel partners via an Orchestrated Distributor API, custom-built for the AMC.

Wavenet's 3 Digital Onboarding Differentiator Capabilities

SMART App 2.0 – The Front-End Onboarding App can retrieve real-Time Data Pre-population from Authentic Data Sources, real-time Aadhaar Verification & Redaction, liveness detection, etc., which increases the efficiency of FoS by 80%.

AI Rule-Engine – The AI-Driven Decision Rule Engine supports client-specific rules which are completely customizable. It helps identify STP/ NSTP cases and, thus, reduces Back Office efforts.

BackOps Dashboards – The Dashboard helps get a summarized and detailed view of all applications. It also shows Verification status, face match score, risk score, etc., helping role-based access. Thus enabling real-time decisions.

Solution Benefits of Digital Onboarding Solution

Identity Verification

80% Lower cost of acquisition

Medical Imaging Analysis

73% Reduction in TAT

Chatbot & Virtual Assistant

3x Increase in business efficiency

Identity Verification

90% Reduction in digital fraud

Recommendation System

100% Compliant with all the regulations

Facial, Objects, & Proximity Recognition

10x Return over investment

Impact of Wavenet's Digital Onboarding Solution

Sales Efficiency

Real-time data pre-population to eliminate manual form filling
Enhanced RM efficiency to result in significant incremental revenue
Overall Onboarding TAT reduced by 73%s

Magento Development

Magento Development

Operations Efficiency

High Data Accuracy to possibly eliminate Junk Data
Customizable rules for adapting to changing regulatory compliances
Back Office overheads to get reduced by 60%
STP flow to reduce manual eye-balling efforts by 75%

IT Efficiency

Integration with LMS, CRM, and Central DBMS
Instant MID creation and vastly reduced data entry time
Dynamic forms to save time & effort for new product developments
Modular architecture allows flexibility and supports scalability

Magento Development