FIS, a global leader in financial services technology, announced the launch of an innovative digital onboarding solution for use by trust companies and bank trust departments in creating and opening new investor accounts online.
The new offering reduces the time and cost associated with opening new trust accounts by streamlining and digitizing previously manual and paper-based processes. The solution provides standardized templates, forms and other required documentation, allowing for rapid configuration and support of all aspects of the trust onboarding process.
Trust companies and bank trust departments using the new solution can benefit from an improved client experience as well as enhanced oversight and reduction in data errors.
“Bringing this new level of digital integration to our trust platforms is something our clients have indicated they want and need,” said Brian DuVal, head of Wealth and Retirement at FIS.
“At FIS, we’re leveraging digital tools to improve the customer experience in many different ways. This innovative new solution will help our clients streamline their capabilities and enhance their customer experience.”
The digital account onboarding product is currently available to FIS clients utilizing the TrustDesk and AddVantage trust platforms.