How to Simplify Client Onboarding with Mutual Fund Software for Distributors?
 
Client onboarding is a critical process for Mutual Fund Distributors (MFDs). However, the traditional approach involves mountains of paperwork, leading to missed opportunities, high operational costs, and time-consuming procedures. This makes it challenging for MFDs to provide a seamless onboarding experience for clients.
 
The Old Onboarding Hassles
The conventional method of client onboarding poses several challenges for MFDs. The need for physical paperwork, in-person meetings, and manual documentation not only discourages potential clients but also makes it challenging to scale operations effectively. The time and effort required for this approach hinder business growth.
 
The Cost Challenge
Beyond the operational hurdles, the traditional onboarding process comes with a significant financial burden. Printing forms, maintaining physical records, and ensuring the safe storage of documents added to the operational costs. This makes it difficult for MFDs to deliver a cost-effective and efficient client experience.
 
A Comprehensive Solution to Cut Operational Costs
 
RedVision Technologies understands the challenges MFDs face in client onboarding, and offers a comprehensive solution through their Mutual Fund Software for Distributors, with the feature - video KYC, making onboarding hassle-free and cost-effective. MFDs can embrace a paperless, efficient onboarding method that ensures compliance while reducing operational costs. This innovative approach allows for client onboarding through an online platform, accessible anytime, anywhere. With video KYC, there's no need to physically verify documents, and clients can easily submit scanned copies of their documents for quick verification.
 
Making Onboarding Easy
Video KYC simplifies the client onboarding process significantly. MFDs can share links for online verification to onboard clients and ensure compliance all from the comfort of being located anywhere, anytime at their fingertips. This streamlined process reduces the time required for onboarding and enhances the overall client experience.
 
The Big Benefits
Video KYC brings a lot of benefits:

Swift and cost-effective onboarding.
Elimination of physical paperwork.
Assurance of client compliance.
Enhanced client experience.

Conclusion
Client onboarding through mutual fund software with video KYC marks a significant step toward simplifying this time-consuming process for MFDs. It not only eases the burden of paperwork but also ensures clients are onboarded swiftly, opening the door to growth and opportunity.