Background Cases

Online Business Registration in Minutes

Custom software and application development by InDevLab. Proven expertise in FinTech and banking solutions.

Problem

Banks and FinTech companies often face the challenge of a complex and costly process for registering legal entities. Clients spend significant time visiting physical branches, while banks incur expenses for third-party video verification services. This slows down the opening of business accounts and negatively impacts customer loyalty.

Solution

We developed a dedicated online registration module for legal entities, fully compliant with regulatory requirements and ensuring a high level of security. The solution combines a user-friendly web interface, built-in video verification, and digital signatures, enabling full process automation without reliance on external services.

Key advantages:

Step-by-step web interface for business client registration.

Support for digital keys and electronic signatures.

Secure video verification by a bank employee.

Integrated chat system for document exchange.

Seamless compatibility with the bank’s internal systems and databases.

Compliance with National Bank of Ukraine requirements, ISO, and GDPR.

Deployment in a private cloud with guaranteed security.

Result

The module implementation allowed the bank to cut costs and strengthen competitiveness. Open-source video verification eliminated the need for third-party services, while automation accelerated the registration process for legal entities.

Key results:

Business account opening time reduced by 3x.

Up to 70% savings on video service costs.

40% increase in online legal entity registrations.

Enhanced security and customer trust.

Full compliance with local and international regulations.

Why InDevLab

+46(0)8-20-20-09

11442, Sweden, Stockholm, Östermalmtorg 1

info@indevlab.com