Acquiring another bank, our Client needed to re-document thousands of client relationships. Within a strict timeline, Atfinity delivered a fully-fledged platform for complex relationships…
Our client is a mid-sized Swiss private bank who prefers to remain anonymous. As a very traditional private bank, their onboarding requirements are some of the most complex, with KYC / KYB needs that must accommodate multi-level trust structures.
They approached Atfinity as 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 be expensive and time consuming without Atfinity’s robust digital onboarding & KYC tool.
Using the M&A event as the starting point, they proceeded to fully digitise the re-validation process and later all private banking onboardings.
1. Created an easy-to-use re-validation process for complex client types with full KYC/KYB/AML including custom deployment within just 12 weeks
2. Used this as a basis to create a fully compliant fast, efficient and streamlined onboarding process for private banking clients of any complexity (even Trusts)
3. Simplified Relationship Managers’ KYC/KYB processes noticeably, with clear expectations and standards