About Grow

Grow empowers financial institutions to deliver outstanding services through technology and data analytics

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200-1285 W Pender
Vancouver, BC
V6E 4B1

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Account Opening

powered by Grow

Digital account opening for retail or SME customers that’s fully compliant with all relevant regulatory requirements, including KYC and AML rules
Our accessible, omnichannel Account Opening solution delivers instant verification and an unparalleled user experience so you can provide your customers with the best possible service

Maximize acquisition

Reduce user drop off with 24/7 accessibility and a frictionless omnichannel user experience

Reduce risk

Reduce risk with instant digital verification methods that are 100% compliant with KYC/AML regulations

Flexible applications

Account Opening can be applied to a range of retail and banking applications including spending, savings and investment accounts

Actionable insights

Grow your wallet share with up to three years of transaction level data to identify cross-sell opportunities

Save time

Improve operational efficiencies and provide better customer service with configurable automated decisioning logic

Your brand, your win

Account Opening powered by Grow is white labelled, so your customers have a seamless brand experience

Additional features:

Single or Multi-user accounts

The Grow Platform can effectively support both single and multi-user account openings

Optional Payment Switching

An available add-on to enable the easy transfer of pre-authorized payments, automatically suggested to the user

Member share purchase

An available feature for credit unions that require new members to purchase shares

Manual review options

Your team can manually review all flagged account applications in the Grow Admin Console, our easy to use management tool

Automated auditable compliance

Our verification methods ensure all new account openings are 100% compliant with PCMLTFA/KYC requirements and an automated activity log in the Grow Admin Console and auto generated reference numbers makes for easy reference

How It Works.

Discover how Grow enables a frictionless, optimized digital account opening customer journey

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1

User creates a new Profile

The User seamlessly enters the Grow Platform from your site. During Onboarding, the User uploads a primary ID and OCR enables basic info to be pre-filled. User portrait is uploaded and validated, with an option for additional processing.
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2

Product Selection

The User selects a financial product - these options are configurable - and begins the account opening process
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3

FinSnap in Action

FinSnap collects, tags and analyzes up to three years of the User’s transaction level data across all their financial products and banking relationships. FinSnap enables several other capabilities like Verification and Compliance
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4

Verification

Grow’s dynamic selection of the most appropriate KYC identification method instantly verifies the User’s identification, bank accounts and balances against information pulled from credit bureau report, preventing fraud and reducing risk
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5

Compliance & Legal

Our Compliance Engine ensures regulatory requirements are met and legal terms agreed
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6

Application Complete

User data is sent securely to your core system and User’s enrollment in their new account is complete - quickly and efficiently

Intrigued? See the Grow Platform live!

Get in touch and a solutions specialist will get back to you shortly to schedule a demo

In more detail…

Take a closer look at the Grow Platform’s innovative software features driving our digital Account Opening solution