Account opening technology: getting it right ...(BANKING ON TRANSFORMATION: DELIVERY CHANNELS AND FUNDS)

African Review of Business and Technology,  October, 2006  

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There are many reasons why account opening technology has become one of the most publicised IT initiatives over the last couple of years. Government regulations are certainly one of the forces pushing financial institutions to seriously re-examine their existing account opening infrastructure.

Concerns for cost control and risk management also top the list of reasons for automated account opening technology. Leveraging technology to dramatically reduce processing errors plays a key variable in account opening automation as well. Faced with constant pressures coming from the ...

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