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Reimagining Customer Onboarding in Banking with Digital Technologies.

Reimagining Customer Onboarding in Banking with Digital Technologies. Current Research on Customer Onboarding Says
  • An end-to-end customer onboarding process from initial consultation to the active account takes between3–8 weeks
  • Three out of Four onboarding dollars are spent on KYC approvals, Credit checks, and Legal Compliance
  • On average, 55% of customers abandon the onboarding application in under 14 minutes and 20 second
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