Flexibility Finally, flexibility
Flexibility Finally, flexibility is another advantage. When it comes to making sudden changes, traditional coding is very limited. On the other hand, HelloFlow offers a platform that doesn’t require any coding and lets you make changes as they happen in a matter of minutes. Without having to get in touch with an IT department, you can change the design or add another step to the onboarding process. Visual real-time modeling makes it simple to manage your process and improve multiple phases of the onboarding process at once. Code-free and KYC Compliance is one of the most difficult aspects of onboarding in the financial sector. Additionally, it is a problem that hinders or at least impedes financial institutions’ efforts to implement digital onboarding. The creation and integration of brand-new identity verification services necessitates a significant amount of time with conventional coding. This procedure may be even more time-consuming and tiresome given the frequency with which the regulations are updated. Numerous identity verification services are available on no-code platforms. Both electronic identity verification services and identity verification tools based on document scanning or facial recognition are available on the HelloFlow platform. In addition, services that enable screening against global watchlists guarantee AML compliance. Additionally, by providing an automated channel for monitoring client data through our platform, businesses are able to conduct KYC compliance background checks. Security and no-coding Security is just as important in digital finance as it is in the real world. Financial institutions need to be more vigilant at every step as threats like account takeovers, fraud, and data compromise increase. Coding and data encryption are typically required. However, how secure is a platform that does not require coding? It’s easy: any onboarding flow built on the HelloFlow platform is automatically protected by our platform’s security features. It indicates that the platform user ultimately controls how certain data can be viewed internally and that all data is securely encrypted to prevent any threats.