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Solution Brief: Wealth Management Account Opening

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© 2020 Unqork. All Rights Reserved A smooth initial customer experience has never been more important in the wealth management industry. Investors are moving from active to more passive funds, margins are shrinking, and new competition is emerging from robo advisors and other competitors. Today, most account opening experiences involve a number of manual steps and lots of back and forth, resulting in days (or even weeks) until actual account setup. The result is a poor client experience, lost revenue, and excess cost and risk. Unqork helps firms digitize the account opening process enabling faster revenue growth and lower costs. Collect information from new clients through digital channels and provide self-service capabilities across the entire workflow. Customize experiences based on triggers such as sales channel, region, and client preferences, products, and regulations. Assess client risk with an automated suitability engine based on regulatory guidance and country preferences. Access analytics to better understand customer behavior and improve sales. The result is a much improved experience for all parties allowing you to reduce account opening times from days or weeks to minutes, enhance the client experience through omni-channel user interface and self service, and dramatically improve advisor productivity. And because Unqork's platform is built for flexibility and speed, you can get up and running in weeks instead of months with a solution that's tailored for your business processes. Wealth Management Account Opening Dramatically improve first customer experience with seamless, self-service account opening. SOLUTION BRIEF Key Benefits • Accelerate time to revenue: Faster client account opening resulting in faster time to revenue. • Improve client experience: Deliver self-service capabilities across devices. • Avoid manual work: Dramatically improved advisor productivity and minimize manual work. • Minimize risk: Reduced application processing errors and regulatory compliance. • Reduce costs: Significant reduction in operational cost through process efficiency and scalability. • Drive cross-sell revenue: Better client management and cross-sell opportunities through advanced analytics.

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