Optimizing New Account Opening: Next Generation Solutions for Enrollment

New account opening and customer enrollment have presented classic operational and technological challenges for financial institutions and insurers. Organizations are struggling with re-engineering their enrollment and on-boarding operations to fit the constraints of the technology. The Challenge: Poorly designed enrollment processes that lead up to 60% of new customers to abandon an online application. New account enrollment cited as the most expensive front-office business process. Costly, time-intensive processes that threaten new business. Companies in the sector such as Zarion Ltd. located in the UK and Dublin, Ireland have taken th...