Many customer-facing banking systems are delivered late and over budget. There is a better way. Forrester examined the total cost of ownership for different development approaches for banking customer-facing systems, and recommends a path that may surprise.
In an increasingly on-demand digital world, it is imperative that the customer experience delivers a friction-free and seamless process that doesn’t impede the path to engagement. The challenge of building the entirety of this complex and critical functionality is a daunting task that can consume significant and impactful development cycles and takes away from other efforts around digital transformation and engagement of customers. Utilizing the significant functionality boost offered by the Avoka platform, you can integrate seamlessly into existing systems while delivery new customer engagement options in a fraction of the time of complete “build from scratch” options.
In 2016, FinCEN released a new Customer Due Diligence (CDD) rule with specific rules on Beneficial Owners. U.S. financial institutions were required to comply by May 11, 2018. We have created an outline to help you understand the basic requirements of your organization.