BUSINESS VALUE SHOWCASE
FinTech App Development Services To Accelerate Client Onboarding
Client : Global Bank
Industry : Financial Services
![FinTech App Development Services To Accelerate Client Onboarding](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/image-188.png?strip=all&lossy=1&ssl=1)
![FinTech App Development Services To Accelerate Client Onboarding](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/image-188.png?strip=all&lossy=1&ssl=1)
![time-to-start icon](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/light-icon.png?strip=all&lossy=1&ssl=1&fit=44%2C44)
6 Days
TO START
![team icon](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/user-icon.png?strip=all&lossy=1&ssl=1&fit=44%2C44)
8 Person
CORE TEAM
![faster onboarding icon](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/04/faster-onboarding-icon.png?strip=all&lossy=1&ssl=1&fit=44%2C44)
20x faster
ONBOARDING
![reduced cost icon](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/04/reduced-cost-icon.png?strip=all&lossy=1&ssl=1&fit=44%2C44)
90% reduced
COST
![ELASTECH developed a financial software solution to accelerate client onboarding](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/Screenshot-2023-01-12-at-1.05-1.jpg?strip=all&lossy=1&ssl=1)
DIGITAL TRANSFORMATION GOAL
An efficient transaction
monitoring system
![ELASTECH developed a financial software solution to accelerate client onboarding](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/Screenshot-2023-01-12-at-1.05-1.jpg?strip=all&lossy=1&ssl=1)
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
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 clients say about Us
“We gained 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 them.”
Executive VP
Global Bank
![Financial Software Development Services for global bank](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/clients_global-financial-service-company_bottom-image-1.png?strip=all&lossy=1&ssl=1)
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
Key Technologies
![google cloud platform logo](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/3404.png?strip=all&lossy=1&ssl=1)
Google Cloud
Platform
![Google Big Query logo](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/3405.png?strip=all&lossy=1&ssl=1)
Google
Big Query
![Google Cloud Firestore logo](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/03/3406.png?strip=all&lossy=1&ssl=1)
Google Cloud Firestore
Learn more or have a similar project?
![Lets-work-together](https://epgfey97r4q.exactdn.com/wp-content/uploads/2023/02/let-work.png?strip=all&lossy=1&ssl=1)