Update: onboarding legal entities
Meanwhile, the client onboarding system has been extended for legal entities. For example, it is now possible to register stock corporations or limited liability companies for a bank account via this tool. During the process, up to 15 authorized signatories are recorded and automatically checked for duplicates in the core banking system. The system also has a decision tree. By answering six questions, it recognizes whether the legal entity is an operating Swiss company or a domiciliary company. Depending on the result, the client onboarding automatically retrieves data and makes the corresponding documents available. In addition, all documents relevant for opening are completed, generated and archived in the client onboarding system with just one click. This increases data quality, simplifies the work of relationship managers and in turn shortens the processing time per dossier.