BUSINESS VALUE SHOWCASE

FinTech App Development Services To Accelerate Client Onboarding

Client : Global Bank

Industry : Financial Services

DIGITAL TRANSFORMATION GOAL

An efficient transaction
monitoring system

This global financial services company needed to create a faster, more efficient due diligence and transaction monitoring system to enable high-net-worth individuals to move their assets with minimal time and energy.

PROBLEM

A myriad of complex domestic and international regulations makes it difficult and time-consuming for high-net-worth individuals to establish new financial services relationships. In order to sign up for services, they had to undergo a variety of checks and verifications, often leading to frustration and poor user experience.

SOLUTION

We developed a cloud-based solution that drastically reduces the migration process for the financial services company.

Cloud Migration to GCP

Streamlined onboarding process through Google Big Query

TESTIMONIAL

What The client says about Our Work

“Partnering with ELASTECH gave us access to world-class talent that helped us solve a massive industry challenge. This now gives us a competitive advantage that we could not have attained without ELASTECH.”

Executive VP
Global Bank

BUSINESS IMPACT

The migration process was reduced from 30 to 40 days down to a few hours
Customer acquisition costs decreased by up to 80%
Automated due diligence of KYC (“Know Your Cusomer”) and AML (Anti-money laundering) regulations
Increased user experience and satisfaction
Expanded market share