3 reasons no-code wins in digital onboarding

Key takeaways:

• No-code saves time and resources, and gives you all the flexibility you need.
• Due diligence doesn’t have to be a headache anymore. Digital onboarding allows automation that can be easily built with no-code tools.
• Integrating new services or features is painless with no-code solutions.
• Trulioo’s no-code platform allows anyone to build onboarding flows, without engaging the IT department.

Digital onboarding is still a solution used only by a few in the financial industry. We know that developing a company’s own digital onboarding process takes a lot of time and effort. One of the biggest challenges is developing the software and integrating it with the necessary KYC services. It’s not only time-consuming but also expensive. That’s where Trulioo comes to help. Using our no-code platform, these issues can be solved in minutes, not months.

What is no-code anyway?

The no-code solution enables users to build, adjust and launch the project even without coding knowledge. It uses a drag-and-drop method with an intuitive interface to build the onboarding flow from start to finish. Users can easily adjust the design in the designer tool using the editor bar or decide to add a new step to the process. All that can be done without having to write a single line of code. It means that anyone across different departments can create a new onboarding process within minutes. Trulioo enables not only a good customer experience but also allows you to leverage talent from across your organization thanks to the no-code user-friendliness.

3 benefits of no-code in digital onboarding

Agility & flexibility

The main benefit of using a no-code platform is agility. Our platform uses pre-built modules enabling users to build an onboarding flow easier and faster compared to the traditional product development process. It’s estimated that no-code solutions can save up to 90% of the development time. Developing your own in-house solution requires many teams to be engaged in different aspects and stages of product creation. The great thing is, it can be done easier and faster. Trulioo’s no-code platform requires as little as just one person to build and launch the entire digital onboarding process within minutes.

No-code is also meant to give you all the flexibility you need. Traditional coding is very slow when it comes to any sudden changes. Trulioo, on the contrary, allows you to make changes in a matter of minutes and on the fly. You can update the design or add an extra step to your onboarding process without having to contact an IT team. Easily manage your process through visual real-time modeling, or improve different onboarding process steps all in the same breath.

Cost reduction

Needless to say that developing your own solution from scratch takes a lot of time and money. It also requires an entire team of developers whose work is quite expensive these days. As a result, it takes months before the onboarding process can be implemented into your website – probably much less tested, analyzed, and adjusted accordingly.

A no-code platform can help you bypass these expenses and administrative backlog. It’s especially helpful in the long run. Trulioo’s platform has plenty of services already integrated into it. It reduces any extra costs related to the implementation of new services, especially while planning an international expansion.

Compliance

Compliance is the greatest issue of client onboarding. 80% of service providers claim that compliance is the most oversight part of onboarding which significantly slows down the entire process. It’s also what prevents – or at least slows down – the digital onboarding solution implementation. With traditional coding, the development and integration of new identity verification services take a lot of time. Not to mention the entire process of market analysis, vendor research, and all the work done before you can actually integrate the desired service into your product. Considering how often the regulations change, this headache becomes bigger and bigger.

No-code digital onboarding platforms offer a range of services for identity verification and proper due diligence performance. Trulioo’s platform includes both electronic identity verification services and identity verification tools based on document scanning or facial recognition. Besides, there are also services enabling screening against global watchlists to ensure AML compliance.

With a no-code solution, digital transformation is easier and more beneficial than you think. What’s more, it leaves room for further growth and new integrations. Not to mention – no-code tech is something anyone can use. Trulioo’s platform allows you to build any kind of onboarding flow within just a few hours. Let us show you how easy it is – book a short demo now.