CASE STUDY
Digitized KYC/KYB for
Swiss Private Bank
Swiss Private Bank
Robust KYC/KYB app for a Swiss private bank, ensuring efficient
onboarding and re-validation.
onboarding and re-validation.
Digitized KYC/KYB for Swiss Private Bank
Robust KYC/KYB app for a Swiss private bank, ensuring efficient onboarding and re-validation.
Deployed in 8 weeks
Deployed in 8 weeks
Fully compliant onboarding for complex clients
Fully compliant onboarding for complex clients
Simplified processes for relationship managers
Simplified processes for relationship managers
Our Client
Our client is a mid-sized Swiss private bank that prefers to remain anonymous. As a very traditional private bank, their onboarding requirements are among the most complex, with KYC / KYB needs that must accommodate multi-tiered trust structures.
They approached Atfinity because they were acquiring a smaller private bank and needed to quickly re-validate all their clients before integrating them into their client base. This would have been costly and time consuming without Atfinity's robust digital onboarding & KYC tool.
Using the M&A event as a starting point, they proceeded to fully digitize the re-validation process and later all private banking onboardings.
THE CHALLENGE
Complex Re-Validation and
Onboarding Needs
Onboarding Needs
The bank needed to re-validate clients from an acquired smaller bank, requiring a
quick, cost-effective, and secure solution to handle complex KYC/KYB needs.
quick, cost-effective, and secure solution to handle complex KYC/KYB needs.
Complex Re-Validation and Onboarding Needs
The bank needed to re-validate clients from an acquired smaller bank, requiring a quick, cost-effective, and secure solution to handle complex KYC/KYB needs.
Efficient Re-Validation
Re-validating all clients from the acquired bank quickly and cost-effectively was a significant challenge.
Complex Onboarding
The bank's traditional and complex onboarding requirements, including multi-level trust structures, needed a streamlined digital process.
High Security Requirements
Ensuring high security during the digital transition was crucial, necessitating a robust and secure deployment.
THE SOLUTION
Comprehensive KYC/KYB
Digital Solution
Digital Solution
Atfinity provided a fully digitized KYC/KYB solution, deployed within
the bank’s private server infrastructure, ensuring high security and
efficiency.
the bank’s private server infrastructure, ensuring high security and
efficiency.
Comprehensive KYC/KYB Digital Solution
Atfinity provided a fully digitized KYC/KYB solution, deployed within the bank’s private server infrastructure, ensuring high security and efficiency.
Secure Deployment
Atfinity was deployed within the bank’s private server infrastructure, with their IT team trained to maintain the solution.
Custom Workflows
Workflows were created based on the bank's forms, checklists, and internal rules, tailored to their specific needs.
Integrated Systems
The solution integrated with the bank’s CRM system, core banking, compliance databases, and LDAP user directory, ensuring seamless operations.
THE RESULTS
Efficient and Compliant Onboarding
Process
Process
The bank now benefits from an easy-to-use, fully compliant KYC/KYB/AML process,
simplifying onboarding and re-validation for complex clients.
simplifying onboarding and re-validation for complex clients.
Efficient and Compliant Onboarding Process
The bank now benefits from an easy-to-use, fully compliant KYC/KYB/AML process,
simplifying onboarding and re-validation for complex clients.
simplifying onboarding and re-validation for complex clients.
Fast Implementation
An easy-to-use re-validation process was created within 12 weeks, ensuring full KYC/KYB/AML compliance.
Streamlined Onboarding
The digitized process provides fast, efficient, and compliant onboarding for private banking clients of any complexity, including trusts.
Simplified Processes
Relationship managers now have clear expectations and standards, simplifying their KYC/KYB processes significantly.
Discover Robust Compliance
with Atfinity
with Atfinity
Contact us for a demo and see how Atfinity’s KYC/KYB app can transform your bank’s
onboarding and re-validation processes, ensuring efficiency and security.
Discover Robust Compliance with Atfinity
Contact us for a demo and see how Atfinity’s KYC/KYB app can transform your bank’s onboarding and re-validation processes, ensuring efficiency and security.