The results of market analysis clearly point to a loss of new customers if the onboarding processes are lengthy and tedious. The main conclusions are that:
quit after 5 minutes.
quit after 10 minutes.
quit after 20 minutes.
quit after 30 minutes.
quit after 60 minutes.
Since about one in three (29%) applications take more than 20 minutes to complete, many companies are not meeting this challenge and, as a result, are losing customers.
To stay competitive in the new digital economy and meet this challenge of less than 15 minutes, financial institutions have at their disposal the TrustCloud qualified identification and video-identification services as the only solutions needed to deploy fast and secure onboarding processes.
Its nature as integral solutions or end-to-end to perform all the digital transactions involved in the onboarding processes, TrustCloud reduces to less than 10 minutes the time of this critical process.