The implementation of Corporate Digital Identity (CDI) systems has significant potential, according to the most recent joint analysis from Chartis and Encompass. In addition to streamlining operations, CDI technology offers significant productivity advantages by automating client onboarding procedures.

This study, the third in a series, carefully describes the difficulties banks have while onboarding clients and how CDI may successfully overcome these obstacles. Such changes have significant advantages, with banks potentially increasing their efficiency by 21% in the first year alone and potentially increasing to 59% by the fifth.

It's critical to evaluate and clearly convey the advantages of CDI solutions. The paper explores the particular problems that banks face and the advantages that come from resolving these issues. Banks may more effectively communicate the necessity for and anticipated return on investment from implementing CDI technology by being aware of these factors.

Additionally, the series offers a strong foundation for creating an effective business case for the deployment of CDI. It looks at the quantifiable effects and ROI talks that are essential for getting internal support and obtaining the money required for these kinds of digital changes.

Interested parties are welcome to download the full study in order to have access to comprehensive insights and learn more about how CDI can transform client onboarding. Any financial institution wishing to make well-informed judgments on the integration of cutting-edge digital technology into their operations will find this series to be an important resource.