About Grow

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

Address

200-1285 W Pender
Vancouver, BC
V6E 4B1

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Account Opening

Accessible, omnichannel account opening that’s fully compliant with all relevant regulatory requirements, including KYC and AML rules

Supported by the Grow Platform’s Onboarding process, account opening by Grow delivers instant verification and deep insights so you can provide your customers with the best possible service

Single or Multi-user accounts

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

Flexible applications

The software for account opening can be applied to a range of retail and banking applications including spending, savings and investment accounts

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

Application workflow

Your team can manually review all flagged account applications in Console, our easy to use dashboard

Instant digital KYC

Data aggregated through FinSnap during the onboarding process in conjunction with credit bureau pull ensures compliance without the need of void cheques, penny drops, bureau questions, or bank statements

Fraud prevention

Dynamically prevent fraudulent applications without compromising user experience

Automated auditable compliance

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

How It Works.

Discover how Grow enables a frictionless, optimized 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 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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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