Read the original full article from the Financial Brand here.
Here is a brief summary of the article:
- Digital account opening streamlines the process for a digital world.
- Mobile-specific features are added for reporting and fraud prevention.
- The five core features include personal identity capture, risk/fraud qualification, identity verification, real-time funding, and core banking system integration.
- Additional features include contextual pre-qualification, online/mobile banking single sign-on, resume capability, electronic signatures, and photo uploads for digital storage.
- Mobile account opening can drive processes for online and branch openings.