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.