Digital Onboarding for Financial Institutions Webinar hosts Mohammed Kateeb

Digital Onboarding for Financial Institutions Webinar hosts Mohammed Kateeb

Bringing new banking customers onboard through digital processes is more important than ever as social distancing measures are enacted across the globe. The Group Chairman & CEO of Path Solutions, Mohammed Kateeb spoke at the session entitled ‘Onboarding: The Key to Fintech Success’ organised by Alif Technologies in collaboration with the State Bank of Pakistan on Monday 15th February. According to Kateeb, the one upside of the COVID-19 pandemic is the fact that it revealed the glaring gap in the digitalization of onboarding processes in the banking sector. While this trend has certainly preceded the pandemic, COVID-19 has acted as a catalyst for it, and rightly so. Banks would do well to take the learnings from this crisis and adopt customer-centric, digital experiences. As financial players seek to achieve this, the world will see an increase of collaboration within financial ecosystems, as incumbent players and fintechs will embrace the benefits of cooperating together rather than by competing with each other.

In this webinar, world class experts shared their insights, and discussed issues and challenges facing digital onboarding in the fintech era. Speakers agreed that every fintech project has to face the challenges of digital onboarding, as this is one of the key ingredients for a successful fintech recipe. The issue is to keep the user experience as smooth and seamless as possible, while fulfilling the regulatory requirements like KYC, AML, TF risk, CDD, among others. Further complications may arise due to data governance and data protection requirements, and cybersecurity issues, but all are debatable and questionable to find the appropriate solutions. More details on this webinar are found here: https://www.aliftechs.com/events/digital-onboarding