1. Results at a Glance The Challenge:
• After two local banks exited the
market this bank stepped in meet the
personal account needs of the
community. To successfully service
its new customers the bank needed to
quickly implement solutions that
allowed it to support high speed
account opening and meet robust
compliance measures.
The Solution:
• The bank leverages Kofax solutions to
instantly scan new account
applications and make them
immediately available for processing.
• The bank also implemented
automated proof of ID, proof of
residency and proof of earnings
processes to help further speed up
the new account opening process.
International Off Shore Bank Services A Community in Need
• New account application automation
compliant and integrated into core systems
• Security and compliance met KYC
regulations
• Automated and maintained the process for
changing providers saving time and money
FINANCIAL SERVICES