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