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AGREEMENT AUTOMATION FOR ACCOUNT OPENING & FINANCIAL AGREEMENTS

Transform customer account opening and financial agreement processes into seamless, secure, fully digital experiences that your users will love.

GROWTH THROUGH DIGITAL AGREEMENT PROCESSES

Today’s financial services customer is looking for speed and ease – whether opening a new banking account, taking out a loan, or entering into an asset finance or leasing agreement. Financial institutions looking to maximize long-term loyalty and profitability should offer their customers the ability carry out these transactions digitally – without the inconvenience of paper-based forms or in-person identity verification.

Transform lengthy, manual processes into secure omnichannel experiences with agreement automation. Leverage digital identity verification methods to confirm a new customer’s identity; mitigate your exposure to risk with real-time fraud and AML checks; use legally binding e-signatures to obtain the customer’s consent - and throughout the process, capture an audit trail to prove compliance.

Four steps of Agreement Automation: Identity Verification, Document Preparation, E-Signature, Secure Storage

Business Goals

Let’s innovate together to deliver cost-efficient, seamless processes for bringing new customers onboard

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    CUSTOMER EXPERIENCE

    Provide a convenient anytime, anywhere, any device engagement for your new and existing customers

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    CONVERSION

    Convert more prospects into customers with remote digital identity verification and the immediacy of e-signature

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    COMPLIANCE

    Ensure compliance with KYC, AML, privacy, and data protection requirements, with a wide range of identity verification methods available through OneSpan V-Hub

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    RISK REDUCTION

    Demonstrate fair and compliant processes and deflect legal disputes with digital audit trails

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    COST EFFICIENCY

    Lower the cost of acquiring new customers by replacing paper forms, manual ID verification checks and ink signatures with fully digital processes

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    EASY INTEGRATION

    Add account opening and agreement automation components to your online and mobile applications via our SDKs

Customer Story

"We were looking to improve on the scalability of the business, the compliant journey for the customer experience. I would highly recommend OneSpan. I believe this is the future, and the more normal it becomes in our industry the better it's going to be for everyone."
— Dave Briggs, COO

OUR AGREEMENT AUTOMATION CAPABILITIES

Deliver smooth digital account opening and financial agreement experiences with our identity verification and e-signature SDKs, supported by workflow capabilities and a powerful security platform

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    COMPLETE AUTOMATION

    Enable fully digital account opening and financial agreement experiences across your channels – online, mobile, call center, and branch

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    DIGITAL IDENTITY VERIFICATION

    Leverage OneSpan V-Hub for a range of identity and verification services – including document verification, facial recognition and liveness detection

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    ROBUST FRAUD AND AML SCREENING

    Integrate with multiple credit bureaus and third-party databases to access a comprehensive set of fraud and AML checks

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    FULLY WHITE-LABELED SOLUTION

    Every aspect of the process can be white-labeled, allowing you to customize language and branding, dialog boxes, buttons and navigation

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    E-SIGNATURES

    Automate agreement workflows and capture the customer’s consent with secure, legally binding electronic signatures – on any device

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    END-TO-END AUDIT TRAILS

    Collect complete audit trails – from verification to e-signature – to prove exactly what the customer saw and did at each stage of the digital customer journey

AGREEMENT AUTOMATION USE CASES

How financial institutions are putting these capabilities to work’

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Financial institutions are leveraging agreement automation technology to digitize account opening processes. Typical use cases include:

  • Checking accounts
  • Savings accounts
  • Corporate bank accounts
  • Credit card applications

The combination of digital identity verification, e-signature and secure storage allows financial institutions to transform account opening processes so that customers can open accounts anytime and anywhere.

Light purple house and dark purple automobile with dollar signs floating above them

Agreement automation can be used to digitize any type of financial transaction. Typical use cases include:

  • Personal loans
  • Residential mortgages
  • Asset finance agreements
  • Auto finance agreements
  • Annuities
  • Pensions

By automating agreement process, financial institutions are able to offer a better experience for customers, differentiate themselves from their competition and improve compliance.