Banks Embrace Video Onboarding for New Client Accounts

Tech News » Banks Embrace Video Onboarding for New Client Accounts
Preview Banks Embrace Video Onboarding for New Client Accounts

The Central Bank of Russia is preparing to launch a pilot program that will allow financial institutions to open accounts for new clients remotely using video communication. This initiative aims to simplify access to banking services and expand remote service capabilities. However, industry experts anticipate that this format will not achieve widespread adoption. It is expected that the new solution will find application in specific scenarios, primarily serving as a complement to traditional methods of bank-client interaction.

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