The regular onboarding process takes days because of compliance checks and manual steps. The rise of roboadvice has led to the need to automate the onboarding process and compliance suitability.
Goals and Objectives
Suitability compliance enables firms to onboard clients in real time by automating the compliance checks during the initial client sign-up process.
AI/ML, Onboarding workflow on mobile and online
Use Case Summary
Automation of compliance suitability enables robo-advisors to onboard clients in real time without the need for backup analysis.