In this episode, we chat with the CEO of DocFox, Ryan Canin, about online account opening. We discuss how the pandemic has forced banks to adapt in this new environment and how online account opening is helping banks adapt in the new environment. We consider the tremendous opportunities for banks to embrace this new technology as well as the possible risks to consider. We also discuss the ways to mitigate those risks. Finally, if banks are considering this new online account opening software, what should banks consider before they make their decision.
DocFox set out to create a tool that could assist financial institutions of various sizes to rapidly and efficiently manage their BSA requirements for all types of customers, from individuals to the most complex of businesses and high risk accounts and to transform how financial institutions perform BSA. For more information, please visit: https://docfox.io
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