In order to conclude legally compliant contracts in the digital world, customers need to be identified. Companies that want to combine compliance and a pleasant customer experience when onboarding new customers face a number of challenges.
Our solutions for digital onboarding
Open accounts online without media disruption
According to the regulations of Money Laundering Act, a customer must be identified when opening an account. Traditionally, this was done in person at the bank counter. Direct and online banks have had alternatives for some time: identification at the post office or by video call – but these are not ideal. The customer either has to leave the house or stick to the working hours of a call centre. The prerequisites for video calls are also not always given, either for personal or technical reasons.
Together with partners, Swisscom Trust Services enables a digital opening of accounts without media disruption. This procedure makes use of the interfaces created by PSD2. Thus, any person who is the holder of an existing account can be identified by a reference transfer.
The advantages are obvious: simple and fast handling (login in online banking is needed) for consumers and cost advantages as well as high scalability on the part of the providers.
Trade shares immediately or gamble online
Trading apps and platforms and gambling are booming sectors within the internet economy. What all have in common: Customers usually want to get started immediately once they have decided on a certain offer. Long and complex identification processes can lead to many aborts in the customer journey.
In order to be able to use the offers, customers need to first deposit an initial amount. The interfaces created by PSD2 make it possible that information about the user can be transmitted securely during this transaction. Thus, the customer gets identified “on the fly”, which also includes the prescribed age verification.
The corresponding solution, which Swisscom Trust Services developed specifically with a partner, integrates simply so that it is invisible to the end user and does not create any additional complexity.
Simply digitise contract conclusions
High regulatory hurdles mean that contracts in the field of finance and insurance often still have to be signed by hand. With extensive forms, it can easily happen that customers make mistakes while filling them out. These are usually only discovered by the responsible clerk after the form has been sent, which further complicates the already long process.
Today, collaborative platforms make it possible to fill out contract forms together digitally. Just like at a branch appointment, advisors are available to their customers for queries and can see what they are filling out in real time.
Swisscom Trust Services ensures that at the end of this process the customer’s declaration of intent is legally secure – just as when the completed contract is presented to the customer for signature on site.
Smart Registration Service
The Smart Registration Service (SRS) can be integrated to an existing onboarding process and offers various methods for identification. The SRS takes over the coupling of identification with an authentication method and enables unlimited electronic signing. This enables end customers to use the qualified electronic signature in an existing process to sign digital contracts directly at the end. In addition, it is possible to connect existing identification procedures and have them certified for the qualified signature. Learn more
The Signing Service is a cloud-based service for remote signatures. It can be easily integrated into existing onboarding solution using the Signing Service’s standard API. This allows companies to add electronic signing capabilities to their onboarding processes while taking into account the highly regulated compliance requirements in their respective markets. Learn more
Our authentication methods (e.g. Mobile ID) are the most secure two-factor authentications on the market and enable an electronic declaration of intent and the triggering of the electronic signature – whether at home or in the office. All what you need is a mobile phone with the authentication method already installed (e.g. Mobile ID, Banking App, etc.). These methods offer the most convenient completion of a digital form process. Learn more
Together with our partners to the digital onboarding
KYC can be very simple. fidentity offers one of the most customer-friendly solutions for carrying out GWG-compliant identification at a distance. With integrated signature module on request.
fidentity offers a purely web-based solution for identity verification via ID document and selfie with liveness check. With fidentity, GWG-compliant onboarding becomes completely automatic and always available. Thanks to comprehensive auditing, compliance is always ensured. Through integration with Swisscom Trust Services, digital signatures can be created together with the identification. The simplest solution for the end customer and the most efficient for you.
The Hamburg-based IT company Nect stands for the implementation of fully automated trust services with sophisticated technology. The patented Nect technology was used for the first time in 2018 in the form of AI-based online identification via app at R+V Versicherung. In the meantime, other well-known companies, including Telekom Deutschland, have joined the customer base. Today, with Nect Wallet, the company offers a solution to digitise identity documents fully automatically and to reuse them within seconds via facial recognition. The app is the best-rated in its field on the German market.
A leader in digitalisation since 2010, Scrive’s cloud-based platform provides agreement lifecycle automation powered by electronic signature and identification solutions. More than 6000 customers in 50+ countries rely on Scrive to onboard and sign agreements with their customers, partners and employees, driving customer experience, security, compliance and data quality. Headquartered in Stockholm, Scrive is backed by Vitruvian Partners and has over 200 employees.