Appway Onboarding for Wealth

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Overview

As a leading global client onboarding solution for the wealth management and private banking industry, Onboarding for Wealth speeds up investor onboarding times while increasing an advisor’s ability to provide individualized experiences. With KYC/AML checks and standard risk procedures that are fully automated, compliance is guaranteed across multiple jurisdictions. All internal departments are comprehensively integrated to offer a real-time, 360-degree customer view throughout the entire account opening process.

Key Features

From Tactical to Strategic

Appway empowers banks to exceed client expectations by removing friction and increasing employee performance through process orchestration and best-of-breed technology adoption.

How can Appway help you?

We cover a wide range of use cases to support wealth management segments and we respond to any type of business need:

Target Clients

  • Affluent, high net worth, and ultra-high net worth individuals
  • Corporations, including private investment and commercial companies
  • Complex structures such as trusts, foundations, and funds
  • Plus additional banking scenarios developed with our clients

Client Interactions

  • In-branch service
  • Self pre-onboarding
  • Via tablet
  • External or independent asset managers, introducers, agents, and brokers

Accounts and services

  • Discretionary, advisory, or execution-only mandates
  • Custody, investment, and brokerage
  • Managed and non-managed accounts
  • Plus additional banking scenarios developed with our clients

Products

  • Pension planning, life insurance, and IRA
  • Credit lines, Lombard loans, and pledges
  • Trust funds
  • Plus additional banking scenarios developed with our clients

Business Goals

  • Improve account opening and guarantee superior compliance readiness
  • Manage multiple business units, branches, and global and local rules
  • Orchestrate client lifecycle management (onboarding, regulatory review, change in circumstances, and offboarding)
  • Unlock new business potentials

Multiple deployment scenarios

  • On-premise or hosted installations
  • Multiple cloud scenarios (private cloud, public cloud)
  • Hybrid scenarios and full portability across all deployment options

Key Benefits

Improve Cost-to-Income Ration: Transform onboarding from a cost center to a source of revenue, improving efficiency by scaling up existing resources and applying analytics-driven insights to enhance collaboration throughout operating units and departments.

Manage Complex Compliance Requirements: Automate activities to reduce operational risks and easily comply with evolving regulations in multiple jurisdictions, managing complexity across all lines of business and leveraging data-driven compliance.

Unlock New and Unique Client Opportunities: Eliminate friction and unnecessary touchpoints with clients to create a tangible service differentiation, building customer loyalty and retention while optimizing existing business and boosting cross-selling opportunities.