Atfinity: Software for KYC/KYB/AML and client onboardings

We are very happy to say that Atfinity's innovative solution for onboarding has been recognised at the WealthBriefing European Awards 2024. Atfinity won in? the category "Onboarding", recognised as the best onboarding system for the European wealth management market. Our platform has been singled out by the judging panel for its revolutionary approach to process automation. Led by our AI-based rule engine and our rich suite of features, Atfinity facilitates and speeds up #onboarding processes for all of its users. We are honoured to win this prestigious award, and look forward to bringing our solution to more organisations in need of #automation. Learn more about Atfinity's recent win in our blog: https://lnkd.in/dgqD9CAQ

Is your organisation ready for the #AI shift that will transform #ClientOnboarding? Here are a couple of my predictions on how this will happen in the near future: ? ?? Hyper-personalisation The onboarding journey will be tailored to individual clients by analysing their #data and preferences. So, instead of a one-size-fits-all approach, each client will experience a customised flow. This will drastically improve client engagement and retention. ? ?? Streamlined documentation AI-driven document processing will replace manual paperwork in an enormous extent. It will extract, validate, and provide information extremely fast and without human error. So, clients won’t have to bear with long forms and dozens of loops. By auto-completing, AI?will speed up the whole onboarding process. ? ?? Enhanced #compliance & security AI will play a crucial role in fraud detection and ensuring and facilitating regulatory compliance. Through advanced algorithms, it will be so much easier to flag suspicious activities and verify clients’ identities more accurately compared to traditional methods. Such a step forward for risk minimisation and improvement of data security. ? In short, AI will make client onboarding much faster, less complicated, and more efficient. ? Atfinity: Software for KYC/KYB/AML and client onboardings can help you with this! We started using AI way before the hype, and we now have our own AI-based rule engine (and own rule language, RuLa). ? It took us a few years to get there and make this feature-rich platform (hint: it’s HUGE), but we did it. And we want to create streamlined, fast and effective onboarding journeys for our clients! ? We are ready for the future. The question is – are you? ??

How can organisations avoid #financial penalties? Here are five essential practices to help ensure this: 1?? Stay informed Be aware of all the latest #regulatory changes and updates to keep your organisation informed?about evolving requirements. 2?? Implement robust compliance policies Create detailed compliance policies and procedures tailored specifically to your regulatory obligations. 3?? Educate and train your employees Ensure that all your employees are aware of your policies, and provide ongoing training and education on #compliance standards, regulations and best practices. 4?? Conduct regular audits and assessments Perform these to proactively identify and address compliance gaps or weaknesses. Use your audit findings to implement corrective actions and strengthen all compliance controls. 5?? Utilise technology Invest in technology that facilitates automated monitoring, #RiskAssessment and document management. This will help streamline your processes and make your organisation more efficient. Using tools such as Atfinity will help you: ? Minimise the risk of financial penalties; ? Maintain regulatory compliance; ? Protect your reputation and financial well-being. Are you happy with your current practices regarding this? If not, don’t hesitate to reach out!

A lot of problems our clients had before working with us stemmed from one big problem that’s usually in the centre: The lack of end-to-end #onboarding. Although it might not seem to be so vital, end-to-end allows an organisation to: ?? Offer top-level customer experience ?? Improve its operational efficiency ?? Ensure compliance ?? Manage risks effectively ?? Reduce human error If your onboarding is fragmented, it would often require a lot of manual labour to bridge the gap between systems. Of course, this also means more stress for your employees and less focus on client relationships. This not only increases costs, but also extends the time required to onboard clients, lowering their? satisfaction and loyalty. And I haven’t even mentioned potential issues with #data integrity, as inconsistent data handling can cause errors and unreliable customer insights, creating additional risks for your business. So, it’s very clear why end-to-end is the superior approach to effective onboarding. Atfinity: Software for KYC/KYB/AML and client onboardings can effectively help you ensure this. You can find out more in the video below. Also, share it with someone you think might need help with end-to-end onboarding!

Did you know?Atfinity allows to send data to – and get data from – the outside by using its built-in?#integrations. This is useful when cases need relevant information from external #systems. Using Atfinity’s integrations includes three parts: ?? Defining when the integration should be executed in a rule; ?? Defining the #information sent to the system in an input assignment; ?? Defining what happens with the received result in an output assignment. ? Learn more about Atfinity’s built-in integrations here: https://lnkd.in/dZA-XtRc

Integrating with core banking systems is obviously very important, and many of our clients want to know how we actually do that. Ever since our first client went live with Atfinity: Software for KYC/KYB/AML and client onboardings, which is some 4-5 years ago, we successfully integrated core banking. But over the years, we also got cleverer and cleverer. Learn more in the video below, where I talked about this important aspect of working with Atfinity in greater detail:

When you have a cutting-edge solution for your day-to-day processes – like #onboarding, KYC, KYB, client reviews, etc. – you won’t waste time on menial tasks. Instead, you’ll have a platform that makes your employees happy and makes their work a lot easier. And that’s one of the benefits of #automation that’s not mentioned enough: Enhanced employee experience. I believe that good #customerexperience can exist only after good employee experience. To do good work for clients, employees need to be de-stressed, focused and have enough time for every client. And automation can enable that, by removing all those tasks that are time-consuming, unproductive and unimaginative.

Atfinity is not just another #software tool on the market, but a unique solution for process #automation. Here are three things that make our platform sought and loved by users!

What can smaller #PrivateBanks do to unburden their personnel if they cannot hire more people? One of the best things is choosing a #fintech solution that will automate the bulk of repetitive, unimaginative, and unproductive tasks. #Automating these tasks will free up existing staff for more complex and value-adding activities. Digital platforms such as Atfinity (for KYC/KYB/AML, loan processing, and customer #onboarding) can greatly reduce the workload on staff. How do you handle the pressure of having too many repetitive tasks?

If your service is too slow and complicated, your #customers will eventually get tired. Even if you have an excellent product. So, it’s essential that speed of service takes the central place in your organisation. This is what binds every other aspect together and raises your business #efficiency. And leveraging #technology can greatly facilitate this. With an automated system in place, you will ensure that: ?? You know which documents need to be obtained ?? All the documents are quickly and easily obtained ?? There are no unnecessary loops? ?? There is less risk of human error If you’re not satisfied with your speed of delivery, and if you’re frustrated with the number of loops in your client interactions, Atfinity can help! Book a meeting with Gabriel Steiner or myself, and let’s find the optimal way to make your business more efficient.