Vendors
日本語
search
  2. //
  3. Reports & insights
  4. //
  5. Standard Bank: KYC On The Go - A Component of Remote Customer Onboarding

Standard Bank: KYC On The Go - A Component of Remote Customer Onboarding

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
8 March 2021
Neil Katkov

Celent Model Risk Manager 2021 Award for Digital and Emerging Technologies

Abstract

Following its introduction of digital onboarding for retail and business customers in 2019, Standard Bank built a tool for remote uploading of KYC documents for small business customers. Standard Bank built its document upload tool on Microsoft Power Apps, a mobile app available in Google Play and the App Store and has rolled it out to eight of its markets in Africa. The tool is simplicity itself, yet has enabled Standard Bank to replace a highly laborious paper-based process and at the same time achieve 100% compliance with KYC requirements.

Click on the video link below to watch a conversation between Leon Rossouw, Head, Customer Onboarding Journey at Standard Bank Group, Africa Regions, and Neil Katkov, Celent's Head of Risk; Celent Risk research members can download the PDF of a detailed case study.

Access More