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
How It Works.
Discover how Grow enables a frictionless, optimized account opening customer journey
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.
The User selects a financial product and begins the account opening process
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
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
Compliance & Legal
Our Compliance Engine ensures regulatory requirements are met and legal terms agreed
User data is sent securely to your core system and User’s enrollment in their new account is complete - quickly and efficiently