Unlock Faster, Frictionless SME Onboarding with Aurachain’s Process Automation Platform
Transform your corporate onboarding process with Aurachain’s SME Onboarding Solution.
In a world where time is crucial, your clients can’t afford delays. Use our process automation platform Aurachain to simplifyies complex onboarding processes, reducing time and errors and ensure while ensuring full compliance.
The Challenge: Lengthy and Cumbersome SME Onboarding
SME Onboarding onto banking systems remains a significant challenge, with many SMEs experiencing delays of over 3 days to access banking services. 81% of bank executives agree that poor data management extends these timelines, negatively affecting customer experience.
Why?
Traditional SME onboarding processes are slow, manual, and fragmented. Banks struggle with siloed data management, inefficient workflows, and time-consuming compliance checks. The result is a drawn-out process involving up to 8 interactions between the bank and the customer. This not only delays access to services for SMEs but also strains your internal resources, reducing operational efficiency and customer satisfaction.
The Solution: Digital Transformation with Aurachain
Aurachain’s SME Onboarding Solution streamlines these processes, offering a fully digital and automated experience that reduces onboarding times, eliminates manual errors, and ensures a smooth, fast and digital journey for your corporate clients.
Here’s How We Do It:
Automated Registration:
The application extracts and collects data from identity cards and corporate documents using OCR technology, simplifying registration for both your team and your clients.
Risk & Compliance Checks:
Perform instant risk verifications, including blacklist screenings, sanctions checks, and due diligence, ensuring full compliance and reducing exposure to financial crime risks.
Digital Documentation Management:
Automate the generation and pre-filling of forms and contracts, allowing clients to upload necessary documentation directly into a secure system.
Take the Next Step: Download the Solution Brief
Download our solution brief to explore the full potential of low-code process automation and learn how to improve efficiency, reduce costs, and deliver a faster onboarding experience for your customers.
Real-World Success: See the Results in Action
A major EU bank used the Aurachain platform to transform its SME onboarding process:
Reduced onboarding time from over 3 days to under 3 hours.
Improved customer satisfaction through a seamless, digital experience.
Ensured regulatory compliance, minimizing the risk of financial crime and enhancing internal processes.