Appway has been awarded the Best Solution in Customer Onboarding in the inaugural Regulation Asia Awards for Excellence 2018 at a ceremony in Singapore on 13 November 2018.
Appway’s customer onboarding solutions cover the full client lifecycle end-to-end, helping major banks to digitalise their onboarding processes and more quickly adapt to shifting conditions and regulatory changes. Some of the largest global and local financial institutions — including HSBC, Hang Seng Bank, Deutsche Bank and Credit Suisse – currently use Appway solutions in their onboarding and regulatory review processes.
The onboarding solutions enable prospecting, account opening, client profiling, compliance checks, data maintenance and offboarding from within a single platform, effectively reducing the time needed to activate a new account to one or two days. This is significant at regulated financial institutions in Asia Pacific, which are subject to increasingly stringent AML (anti-money laundering) and KYC (know your customer) requirements.
Global rollouts of Appway solutions typically include local variations to meet country-specific regulatory standards, powered by a sophisticated rules engine, which automates compliance checks and eliminates the need for manual processes to ensure compliance. The onboarding solutions are bolstered by a prepackaged solution for regulatory reviews, which helps banks to improve compliance checks for existing customers and ensure effective management of operational and regulatory risk.
Appway’s automation capabilities serve to increase front and back office efficiency and effectiveness for over 420,000 users worldwide, allowing compliance professionals to dedicate more time to tasks where their expert knowledge can add the most value.
About the Regulation Asia Awards for Excellence 2018
The inaugural Regulation Asia Awards for Excellence recognises technology companies, legal and consulting firms, and exchanges that have shaped the regulatory landscape in Asia Pacific, as well as outstanding technology projects both in mature and emerging markets by large tech firms and innovative startups that help meet the requirements of a specific regulatory change infrastructure.
For a full list of award winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. Since 2013, our audience and subscription base have grown to include regulatory bodies, exchanges, banks, asset managers and service providers, allowing us to play a key role in the regulatory agenda.
Visit www.regulationasia.com or connect via LinkedIn or Twitter.
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